Poste Italiane S.p.A. (OTCMKTS:PITAF) Short Interest Down 24.7% in March

Poste Italiane S.p.A. (OTCMKTS:PITAF) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 3,339,700 shares, a drop of 24.7% from the March 15th total of 4,434,500 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is currently 16,698.5 days.

Poste Italiane Stock Performance

PITAF remained flat at $17.81 during trading on Friday. 7 shares of the company’s stock were exchanged, compared to its average volume of 675. The company has a 50 day simple moving average of $16.31 and a 200-day simple moving average of $14.84. Poste Italiane has a twelve month low of $13.45 and a twelve month high of $17.81.

About Poste Italiane

Poste Italiane S.p.A. provides postal, logistics, and financial and insurance products and services in Italy. It operates in four segments: Mail, Parcels and Distribution; PostePay Services; Financial Services; and Insurance Services. The Mail, Parcels and Distribution segment offers mail, parcel, and logistics management services, as well as engages in the activities of the distribution network.