TIM S.A. Sponsored ADR (NYSE:TIMB) Short Interest Update

TIM S.A. Sponsored ADR (NYSE:TIMB) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 3,282,612 shares, an increase of 59.8% from the July 15th total of 2,053,619 shares. Based on an average daily volume of 546,197 shares, the days-to-cover ratio is currently 6.0 days. Approximately 0.7% of the shares of the company are short sold.

TIM Stock Performance

Shares of NYSE TIMB opened at $17.27 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.15 and a beta of 0.40. The stock’s fifty day simple moving average is $20.64 and its 200 day simple moving average is $23.47. TIM has a 52-week low of $17.14 and a 52-week high of $28.22.

TIM (NYSE:TIMB) last announced its earnings results on Wednesday, June 17th. The company reported $0.42 EPS for the quarter. The business had revenue of $1.35 billion during the quarter. TIM had a return on equity of 17.99% and a net margin of 15.73%. As a group, sell-side analysts forecast that TIM will post 1.83 earnings per share for the current fiscal year.

TIM Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, July 29th. Shareholders of record on Monday, June 29th were issued a $0.1618 dividend. The ex-dividend date was Monday, June 29th. TIM’s dividend payout ratio (DPR) is presently 61.54%.

Insiders Place Their Bets

In related news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total value of $151,200.00. Following the completion of the sale, the chief financial officer owned 83,259 shares of the company’s stock, valued at $359,678.88. This represents a 29.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in TIM by 1.3% during the first quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock valued at $970,000 after buying an additional 789 shares during the period. Amundi purchased a new position in TIM during the 1st quarter valued at about $87,000. Goldman Sachs Group Inc. grew its stake in TIM by 4.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock valued at $16,539,000 after acquiring an additional 47,130 shares in the last quarter. Creative Planning increased its holdings in shares of TIM by 9.2% in the 2nd quarter. Creative Planning now owns 21,511 shares of the company’s stock valued at $433,000 after purchasing an additional 1,814 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of TIM by 117.7% in the 2nd quarter. Rhumbline Advisers now owns 10,018 shares of the company’s stock valued at $201,000 after purchasing an additional 5,417 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TIMB shares. Weiss Ratings raised TIM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Wall Street Zen raised TIM from a “hold” rating to a “buy” rating in a research note on Sunday. Bradesco Corretora cut TIM to a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research cut TIM from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Santander raised TIM from a “neutral” rating to an “outperform” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.38.

TIM Company Profile

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA