Telecom Italia S.P.A. (OTCMKTS:TIIAY) Sees Significant Drop in Short Interest

Telecom Italia S.P.A. (OTCMKTS:TIIAY) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 31,604 shares, a drop of 59.0% from the April 15th total of 77,004 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 62,036 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

Several research firms have issued reports on TIIAY. Deutsche Bank Aktiengesellschaft downgraded shares of Telecom Italia from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Barclays reiterated an “overweight” rating on shares of Telecom Italia in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Telecom Italia currently has an average rating of “Moderate Buy”.

Telecom Italia Stock Performance

OTCMKTS:TIIAY opened at $8.41 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. The company’s fifty day moving average price is $7.51 and its 200-day moving average price is $6.78. Telecom Italia has a 1-year low of $4.19 and a 1-year high of $8.54.

About Telecom Italia

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.