Short Interest in Telecom Italia S.P.A. (OTCMKTS:TIIAY) Grows By 408.6%

Telecom Italia S.P.A. (OTCMKTS:TIIAY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 71,490 shares, an increase of 408.6% from the July 15th total of 14,056 shares. Based on an average daily trading volume, of 86,995 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TIIAY. Barclays reiterated an “overweight” rating on shares of Telecom Italia in a report on Friday. Kepler Capital Markets restated a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Telecom Italia Stock Up 0.9%

Shares of TIIAY opened at $8.68 on Wednesday. Telecom Italia has a 52-week low of $4.74 and a 52-week high of $11.20. The stock has a 50 day moving average price of $9.12 and a 200 day moving average price of $8.10.

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.