Short Interest in Telecom Italia S.P.A. (OTCMKTS:TIAIY) Grows By 100.0%

Telecom Italia S.P.A. (OTCMKTS:TIAIY) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 200 shares, an increase of 100.0% from the August 15th total of 100 shares. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is presently 0.1 days.

Telecom Italia Stock Performance

OTCMKTS:TIAIY opened at $5.82 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.80 and a debt-to-equity ratio of 0.65. Telecom Italia has a 1 year low of $2.64 and a 1 year high of $6.08. The stock’s 50 day simple moving average is $5.47 and its two-hundred day simple moving average is $4.67.

About Telecom Italia

Telecom Italia S.p.A., together with its subsidiaries, engages in the provision of fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for top, public sector and large account customers.