Short Interest in Oi S.A. (OTCMKTS:OIBRQ) Decreases By 45.5%

Oi S.A. (OTCMKTS:OIBRQ) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 600 shares, a drop of 45.5% from the August 15th total of 1,100 shares. Based on an average daily trading volume, of 67,700 shares, the days-to-cover ratio is presently 0.0 days.

Shares of OTCMKTS:OIBRQ traded up $0.01 on Friday, reaching $0.34. 1,100 shares of the company traded hands, compared to its average volume of 19,429. The business’s 50-day simple moving average is $0.33 and its 200 day simple moving average is $0.37. OI has a 52 week low of $0.21 and a 52 week high of $0.98. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 4.28.

OI Company Profile

Oi SA engages in the provision of telecommunications utility services. The firm offers mobile, broadband, pay television, data transmission, and Internet provider services. It operates through the following segments: Residential Services, Personal Mobility, and B2B Services. The Residential Services segment focuses on the sale of fixed telephony services including, voice services, data communication services, and pay TV.

Further Reading: Risk Tolerance

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