Short Interest in Tim S.A. (NYSE:TIMB) Increases By 45.6%

Tim S.A. (NYSE:TIMB) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,140,000 shares, an increase of 45.6% from the February 28th total of 1,470,000 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 578,200 shares, the days-to-cover ratio is presently 3.7 days.

Hedge Funds Weigh In On TIM

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its position in shares of TIM by 8.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company’s stock valued at $22,732,000 after acquiring an additional 152,061 shares during the last quarter. Itau Unibanco Holding S.A. raised its stake in TIM by 64.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,769,904 shares of the company’s stock valued at $20,814,000 after purchasing an additional 696,454 shares in the last quarter. Renaissance Technologies LLC lifted its position in TIM by 19.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company’s stock valued at $20,211,000 after purchasing an additional 283,002 shares during the last quarter. JPMorgan Chase & Co. grew its stake in TIM by 2.3% in the 4th quarter. JPMorgan Chase & Co. now owns 829,841 shares of the company’s stock worth $9,759,000 after buying an additional 18,970 shares in the last quarter. Finally, State Street Corp grew its stake in TIM by 16.7% in the 3rd quarter. State Street Corp now owns 583,724 shares of the company’s stock worth $10,207,000 after buying an additional 83,468 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of TIM from $16.00 to $16.50 and gave the stock an “equal weight” rating in a research note on Monday, March 17th. The Goldman Sachs Group cut their price objective on shares of TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. UBS Group cut shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, Scotiabank cut their price target on TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a report on Wednesday, February 12th.

TIM Price Performance

Shares of TIM stock traded down $0.17 on Friday, reaching $15.42. The stock had a trading volume of 234,096 shares, compared to its average volume of 507,735. The business’s 50 day moving average is $14.27 and its two-hundred day moving average is $14.17. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. TIM has a 1 year low of $11.32 and a 1 year high of $18.78. The company has a market cap of $7.46 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84.

TIM (NYSE:TIMB) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (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%. As a group, research analysts anticipate that TIM will post 1.34 EPS for the current year.

TIM Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Wednesday, May 7th. Investors of record on Friday, April 4th will be paid a dividend of $0.1394 per share. This is a positive change from TIM’s previous — dividend of $0.12. The ex-dividend date of this dividend is Friday, April 4th. This represents a yield of 6%. TIM’s dividend payout ratio (DPR) is currently 58.47%.

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.