Short Interest in Telecom Italia S.P.A. (OTCMKTS:TIIAY) Drops By 62.6%

Telecom Italia S.P.A. (OTCMKTS:TIIAY) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 24,634 shares, a drop of 62.6% from the August 15th total of 65,902 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 39,072 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. Barclays restated an “overweight” rating on shares of Telecom Italia in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Telecom Italia Price Performance

TIIAY traded up $0.23 on Friday, hitting $8.90. The company had a trading volume of 21,307 shares, compared to its average volume of 38,388. The stock has a fifty day moving average price of $8.84 and a 200-day moving average price of $8.37. Telecom Italia has a 12-month low of $4.98 and a 12-month high of $11.20.

Telecom Italia Company Profile

Telecom Italia S.p.A., operating under the TIM brand, is an Italian telecommunications company that provides fixed-line and mobile communications, broadband internet, digital services and information and communications technology solutions. Its offerings serve consumers, businesses and public-sector organizations and include voice and data connectivity, fiber and other broadband access, cloud services, cybersecurity, data-center capabilities and related enterprise solutions.

The company’s principal market is Italy, where TIM operates telecommunications networks and provides retail and wholesale services.