Telecom Italia S.P.A. (OTCMKTS:TIIAY) Short Interest Down 88.0% in July

Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 14,056 shares, a decline of 88.0% from the June 30th total of 117,115 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 75,534 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Kepler Capital Markets reiterated a “hold” rating on shares of Telecom Italia in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Telecom Italia presently has a consensus rating of “Hold”.

Telecom Italia Stock Down 2.7%

OTCMKTS TIIAY opened at $8.32 on Friday. The firm’s fifty day simple moving average is $9.07 and its two-hundred day simple moving average is $7.90. Telecom Italia has a 12-month low of $4.54 and a 12-month high of $11.20.

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.