Short Interest in Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Declines By 46.8%

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - Get Free Report) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 21,730 shares, a drop of 46.8% from the March 15th total of 40,836 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 85,237 shares, the days-to-cover ratio is presently 0.3 days.Singapore Telecommunications Price PerformanceOTCMKTS:SGAPY opened at $38.51 on Monday. The stock's 50-day simple moving average is $39.01 and its 200 day simple moving average is $36.23. The company has a quick ratio of 1.15, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. Singapore Telecommunications has a twelve month low of $26.07 and a twelve month high of $41.20. Singapore Telecommunications Company Profile (Get Free Report)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.Recommended StoriesFive stocks we like better than Singapore TelecommunicationsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Singapore Telecommunications Right Now?Before you consider Singapore Telecommunications, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Singapore Telecommunications wasn't on the list.While Singapore Telecommunications currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here