Tim S.A. (NYSE:TIMB) Short Interest Update

Tim S.A. (NYSE:TIMB) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,470,000 shares, an increase of 27.8% from the February 13th total of 1,150,000 shares. Based on an average daily trading volume, of 587,900 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.3% of the company’s shares are sold short.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Barclays lifted their target price on TIM from $16.00 to $16.50 and gave the stock an “equal weight” rating in a research report on Monday. Scotiabank cut their price target on TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 12th. UBS Group lowered TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group cut their price target on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th.

TIM Trading Down 0.6 %

TIM stock opened at $15.07 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. TIM has a 52 week low of $11.32 and a 52 week high of $18.78. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. The stock has a 50-day moving average price of $13.73 and a 200 day moving average price of $14.23.

TIM (NYSE:TIMB) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. Sell-side analysts anticipate that TIM will post 1.34 EPS for the current year.

TIM Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, February 21st will be given a dividend of $0.0717 per share. The ex-dividend date is Friday, February 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.90%. TIM’s dividend payout ratio (DPR) is 51.69%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of TIM during the 3rd quarter valued at approximately $25,000. Global Retirement Partners LLC raised its stake in TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock valued at $29,000 after purchasing an additional 2,211 shares during the last quarter. R Squared Ltd acquired a new position in TIM in the 4th quarter valued at $53,000. Point72 Hong Kong Ltd acquired a new position in TIM in the 4th quarter valued at $54,000. Finally, EntryPoint Capital LLC acquired a new position in TIM in the 4th quarter valued at $146,000.

About TIM

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.