Singapore Telecommunications Limited (OTCMKTS:SGAPY – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 75,700 shares, a growth of 72.0% from the December 15th total of 44,000 shares. Based on an average daily volume of 63,200 shares, the days-to-cover ratio is presently 1.2 days.
Singapore Telecommunications Price Performance
Shares of OTCMKTS SGAPY traded up $0.31 during midday trading on Friday, hitting $23.08. 48,814 shares of the company’s stock traded hands, compared to its average volume of 36,319. Singapore Telecommunications has a 1 year low of $16.70 and a 1 year high of $26.75. The firm has a fifty day moving average of $22.96 and a 200 day moving average of $23.24.
Singapore Telecommunications Increases Dividend
The firm also recently declared a dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 25th were given a dividend of $0.6633 per share. The ex-dividend date of this dividend was Monday, November 25th. This is a positive change from Singapore Telecommunications’s previous dividend of $0.56.
About Singapore Telecommunications
Singapore Telecommunications Limited, together with its subsidiaries, provides telecommunication services to consumers and small businesses in Singapore, Australia, China, and internationally. The company operates through Optus, Singtel Singapore, NCS, Digital InfraCo, and Corporate segments. The company provides mobile, equipment sales, fixed voice and data, satellite, ICT and managed services; mobile, fixed voice and data, pay television, content and digital services, ICT as well as equipment sales in Singapore; and provides differentiated and end-to-end technology services to clients through its Gov+, Enterprise, and Telco+ strategic business groups with its NEXT capabilities in digital, data, cloud and platforms, as well as offers applications, infrastructure, engineering and cyber.
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