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 trading volume, of 181 shares, the short-interest ratio is presently 8,097.7 days.
Telecom Italia Stock Performance
Shares of TIAOD remained flat at $8.86 during mid-day trading on Friday. Telecom Italia has a 12 month low of $0.40 and a 12 month high of $0.80. The business’s 50-day simple moving average is $8.15 and its 200-day simple moving average is $7.12.
About Telecom Italia
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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