Telefónica, S.A. (OTCMKTS:TEFOF) Sees Significant Decrease in Short Interest

Telefónica, S.A. (OTCMKTS:TEFOF) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 2,359,000 shares, a drop of 35.6% from the May 31st total of 3,661,400 shares. Based on an average trading volume of 217,600 shares, the days-to-cover ratio is currently 10.8 days.

Telefónica Price Performance

OTCMKTS:TEFOF remained flat at $4.30 during mid-day trading on Friday. The company’s fifty day moving average price is $4.49 and its two-hundred day moving average price is $4.23. Telefónica has a 12-month low of $3.56 and a 12-month high of $5.05.

About Telefónica

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.