Poste Italiane S.p.A. (OTCMKTS:PITAF) Sees Significant Decline in Short Interest

Poste Italiane S.p.A. (OTCMKTS:PITAF) saw a significant drop in short interest in August. As of August 15th, there was short interest totaling 3,801,100 shares, adropof30.6% from the July 31st total of 5,479,800 shares. Based on an average trading volume of 200 shares, the short-interest ratio is currently 19,005.5 days. Based on an average trading volume of 200 shares, the short-interest ratio is currently 19,005.5 days.

Poste Italiane Stock Performance

Shares of OTCMKTS:PITAF remained flat at $21.68 during trading hours on Monday. Poste Italiane has a 52 week low of $13.45 and a 52 week high of $21.68. The firm’s fifty day moving average price is $21.35 and its two-hundred day moving average price is $19.54.

Poste Italiane Company Profile

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.