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

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

Singapore Exchange Price Performance

SPXCY stock traded up $0.17 during midday trading on Friday, hitting $19.76. 14,445 shares of the company’s stock were exchanged, compared to its average volume of 22,415. Singapore Exchange has a 12-month low of $13.08 and a 12-month high of $21.68. The firm has a 50 day moving average price of $19.17 and a 200-day moving average price of $56.49.

Singapore Exchange Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.133 per share. 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.