Telecom Italia S.p.A. (OTCMKTS:TIAIY) Sees Significant Growth in Short Interest

Telecom Italia S.p.A. (OTCMKTS:TIAIY) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,800 shares, an increase of 800.0% from the March 31st total of 200 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s shares are short sold.

Telecom Italia Trading Down 1.8 %

Shares of OTCMKTS:TIAIY traded down $0.08 during trading on Monday, reaching $4.25. 1,624 shares of the stock were exchanged, compared to its average volume of 1,622. Telecom Italia has a 12-month low of $2.39 and a 12-month high of $4.35. The firm’s 50-day moving average price is $3.56 and its 200 day moving average price is $3.18. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.69.

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.