Tim S.A. (NYSE:TIMB) Sees Significant Increase in Short Interest

Tim S.A. (NYSE:TIMB) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,180,000 shares, an increase of 173.1% from the December 31st total of 798,300 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 532,600 shares, the days-to-cover ratio is presently 4.1 days.

Institutional Trading of TIM

Institutional investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in TIM in the third quarter valued at $12,054,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of TIM by 137.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company’s stock worth $12,187,000 after purchasing an additional 409,992 shares during the period. Itau Unibanco Holding S.A. raised its holdings in shares of TIM by 55.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,073,450 shares of the company’s stock worth $18,485,000 after purchasing an additional 384,500 shares during the period. Meritage Portfolio Management acquired a new stake in shares of TIM in the third quarter valued at about $3,683,000. Finally, Millennium Management LLC grew its stake in TIM by 16.0% during the 2nd quarter. Millennium Management LLC now owns 923,532 shares of the company’s stock valued at $13,225,000 after purchasing an additional 127,465 shares in the last quarter.

TIM Trading Up 0.2 %

TIM stock traded up $0.03 during midday trading on Wednesday, reaching $13.22. 401,407 shares of the stock traded hands, compared to its average volume of 539,323. The company has a 50-day simple moving average of $12.55 and a two-hundred day simple moving average of $14.55. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The firm has a market cap of $6.40 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.58 and a beta of 0.83. TIM has a 12-month low of $11.32 and a 12-month high of $19.14.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.09). The business had revenue of $1.16 billion for the quarter. TIM had a return on equity of 11.73% and a net margin of 12.71%. Research analysts expect that TIM will post 1.16 earnings per share for the current fiscal year.

TIM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Monday, December 30th will be paid a $0.1723 dividend. This is an increase from TIM’s previous quarterly dividend of $0.09. This represents a $0.69 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend is Monday, December 30th. TIM’s dividend payout ratio (DPR) is 54.76%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Barclays decreased their price objective on TIM from $17.50 to $15.50 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Scotiabank reduced their target price on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a report on Tuesday, November 5th. Finally, UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th.

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.