Telecom Italia S.P.A. (OTCMKTS:TIIAY) Short Interest Up 408.6% in July

Telecom Italia S.P.A. (OTCMKTS:TIIAY) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 71,490 shares, a growth of 408.6% from the July 15th total of 14,056 shares. Based on an average daily trading volume, of 86,995 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TIIAY shares. Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. Barclays reissued an “overweight” rating on shares of Telecom Italia in a research report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Telecom Italia has a consensus rating of “Hold”.

Telecom Italia Stock Performance

Shares of TIIAY opened at $8.67 on Thursday. Telecom Italia has a twelve month low of $4.74 and a twelve month high of $11.20. The company has a 50 day moving average of $9.12 and a two-hundred day moving average of $8.12.

Telecom Italia Company Profile

Telecom Italia S.p.A., commonly known by its brand TIM, is Italy’s leading integrated telecommunications operator. The company offers a comprehensive range of fixed‐line and mobile voice services, high‐speed broadband access, and digital television solutions to residential, corporate and wholesale clients. Telecom Italia designs, builds and manages network infrastructure, including fiber‐optic and wireless systems, to deliver reliable connectivity across urban and rural markets in Italy.

Beyond traditional telephony, Telecom Italia has expanded into information and communications technology (ICT) services, providing cloud computing, cybersecurity, Internet of Things (IoT) platforms and data analytics solutions.