Short Interest in Telecom Italia S.p.A. (OTCMKTS:TIIAY) Grows By 171.0%

Telecom Italia S.p.A. (OTCMKTS:TIIAY) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 33,600 shares, a growth of 171.0% from the November 15th total of 12,400 shares. Based on an average daily volume of 48,600 shares, the short-interest ratio is currently 0.7 days.

Telecom Italia Stock Performance

Shares of TIIAY traded up $0.06 during mid-day trading on Wednesday, reaching $2.57. 11,255 shares of the company’s stock were exchanged, compared to its average volume of 37,440. The business’s fifty day simple moving average is $2.50 and its 200-day simple moving average is $2.50. Telecom Italia has a 52-week low of $2.19 and a 52-week high of $3.34.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded Telecom Italia from an “equal weight” rating to an “overweight” rating in a research report on Tuesday.

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.