Telecom Italia S.p.A. (OTCMKTS:TIAOD – Get Free Report) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,465,692 shares, an increase of 609.1% from the June 15th total of 206,710 shares. Based on an average daily volume of 181 shares, the days-to-cover ratio is currently 8,097.7 days.
Telecom Italia Price Performance
Shares of TIAOD remained flat at $8.86 during trading hours on Friday. Telecom Italia has a twelve month low of $0.40 and a twelve month high of $0.80. The firm’s 50-day simple moving average is $8.15 and its 200-day simple moving average is $7.12.
Telecom Italia Company Profile
Telecom Italia (OTCMKTS:TIAOF) is one of Italy’s leading telecommunications providers, offering a wide range of services that span fixed-line and mobile telephony, broadband Internet, and data transmission. Through its flagship brand TIM, the company delivers voice and data connectivity to residential, business and public sector customers, and has expanded into digital services such as cloud computing, cybersecurity solutions, and Internet of Things (IoT) applications.
In addition to its domestic footprint, Telecom Italia maintains a significant presence in Latin America through its majority-owned subsidiary TIM Brasil, which serves both urban and rural markets with mobile voice and data services.
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