Short Interest in Singapore Exchange Limited (OTCMKTS:SPXCY) Drops By 72.8%

Singapore Exchange Limited (OTCMKTS:SPXCY) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 24,600 shares, a decline of 72.8% from the February 28th total of 90,500 shares. Based on an average daily volume of 45,400 shares, the days-to-cover ratio is currently 0.5 days.

Singapore Exchange Price Performance

OTCMKTS SPXCY traded up $0.18 on Friday, hitting $19.94. 10,319 shares of the stock traded hands, compared to its average volume of 22,203. The business’s fifty day moving average is $19.21 and its two-hundred day moving average is $55.75. Singapore Exchange has a 12 month low of $13.08 and a 12 month high of $21.68.

Singapore Exchange Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a $0.133 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. Singapore Exchange’s dividend payout ratio is currently 89.27%.

About Singapore Exchange

Singapore Exchange Limited, together with its subsidiaries, operates as an integrated securities and derivatives exchange, and related clearing houses in Singapore. It operates through Fixed Income, Currencies, and Commodities; Equities; and Data, Connectivity, and Indices segments. The Fixed Income, Currencies, and Commodities segment offers fixed income issuer, trading and clearing, and collateral management services.