Singapore Exchange Limited (OTCMKTS:SPXCY) Short Interest Down 73.3% in October

Singapore Exchange Limited (OTCMKTS:SPXCY) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 400 shares, a drop of 73.3% from the October 15th total of 1,500 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 0.2 days.

Singapore Exchange Stock Performance

Singapore Exchange stock traded up $112.20 during midday trading on Wednesday, hitting $128.96. 1,032 shares of the company were exchanged, compared to its average volume of 22,814. The company’s fifty day moving average price is $131.54 and its 200-day moving average price is $116.86. Singapore Exchange has a fifty-two week low of $13.08 and a fifty-two week high of $129.01.

Singapore Exchange Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a $0.969 dividend. The ex-dividend date is Tuesday, November 12th. Singapore Exchange’s dividend payout ratio is currently 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.