Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Shares Shorted: Short Interest Up 100.6% in October

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,504 shares, an increase of 100.6% from the September 30th total of 4,240 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 123,945 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Phillip Securities upgraded shares of Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Singapore Telecommunications Stock Up 1.6%

Shares of OTCMKTS SGAPY opened at $32.68 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. Singapore Telecommunications has a 52-week low of $30.58 and a 52-week high of $41.20. The firm’s fifty day moving average is $33.79 and its two-hundred day moving average is $35.72.

About Singapore Telecommunications

Singapore Telecommunications Limited, commonly known as Singtel, is a Singapore-based communications technology group providing telecommunications and digital services to consumers, businesses and governments. Its offerings include mobile and fixed-line communications, broadband connectivity, digital television, cloud services, cybersecurity, information and communications technology solutions, and data-center services.

Singtel operates primarily in Singapore and Australia, where it owns Optus, a major telecommunications provider.