Telit Communications PLC (OTCMKTS:TTCNF) Short Interest Down 50.0% in March

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Telit Communications PLC (OTCMKTS:TTCNF) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 2,300 shares, a drop of 50.0% from the March 15th total of 4,600 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is currently 2.3 days.

TTCNF opened at $2.68 on Friday. Telit Communications has a fifty-two week low of $1.31 and a fifty-two week high of $3.05. The stock has a fifty day moving average of $2.85 and a 200-day moving average of $2.52.

About Telit Communications

Telit Communications PLC, together with its subsidiaries, provides a portfolio of integrated products and services to support and enable Internet of Things (IoT) deployments in the Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It operates in two segments, IoT Products; and Cloud & Connectivity.

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