Singapore Exchange Limited (OTCMKTS:SPXCY) Sees Significant Drop in Short Interest

Singapore Exchange Limited (OTCMKTS:SPXCY) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 400 shares, a drop of 33.3% from the August 31st total of 600 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 0.1 days.

Singapore Exchange Trading Down 0.1 %

OTCMKTS SPXCY opened at $130.70 on Friday. The firm has a 50 day moving average of $120.60 and a two-hundred day moving average of $109.99. Singapore Exchange has a 52 week low of $98.07 and a 52 week high of $135.63.

Singapore Exchange Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Friday, October 18th will be given a dividend of $0.9931 per share. The ex-dividend date is Friday, October 18th. This is a boost from Singapore Exchange’s previous dividend of $0.89. Singapore Exchange’s payout ratio is 89.27%.

Singapore Exchange Company Profile

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.