Singapore Telecommunications Ltd. (OTCMKTS:SGAPY – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 2,689 shares, a decline of 89.5% from the July 30th total of 25,573 shares. Based on an average trading volume of 147,725 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
Analyst Ratings Changes
Several analysts have issued reports on SGAPY shares. Zacks Research upgraded Singapore Telecommunications to a “hold” rating in a report on Thursday, May 28th. Phillip Securities raised Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Singapore Telecommunications has a consensus rating of “Buy”.
View Our Latest Stock Analysis on SGAPY
Singapore Telecommunications Stock Up 1.6%
Singapore Telecommunications Company Profile
Singapore Telecommunications Limited (OTCMKTS: SGAPY), commonly known as Singtel, is a Singapore-based telecommunications and information communications technology (ICT) group. The company’s core consumer services include mobile and fixed-line telephony, broadband internet, and pay-TV and content distribution. Singtel also provides a range of enterprise solutions such as managed services, cloud and data center offerings, cybersecurity, Internet of Things (IoT) connectivity and systems integration for corporate and public-sector customers.
Beyond its domestic market, Singtel operates as a regional hub through subsidiaries and strategic investments.
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