Short Interest in TIM S.A. Sponsored ADR (NYSE:TIMB) Grows By 47.4%

TIM S.A. Sponsored ADR (NYSE:TIMB) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,962,544 shares, an increase of 47.4% from the December 31st total of 2,009,622 shares. Based on an average daily volume of 588,333 shares, the short-interest ratio is presently 5.0 days. Currently, 0.6% of the company’s stock are short sold. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 588,333 shares, the short-interest ratio is presently 5.0 days.

Wall Street Analyst Weigh In

TIMB has been the subject of several research analyst reports. Barclays increased their price objective on TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a report on Friday, November 7th. Scotiabank reissued a “sector perform” rating and set a $23.60 price objective on shares of TIM in a research note on Wednesday, November 5th. Zacks Research upgraded TIM from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. HSBC upgraded TIM from a “hold” rating to a “buy” rating and lifted their target price for the company from $21.00 to $27.00 in a report on Wednesday, November 5th. Finally, Jefferies Financial Group downgraded shares of TIM from a “buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, TIM presently has an average rating of “Hold” and an average price target of $23.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TIMB. Global Retirement Partners LLC grew its position in TIM by 5,590.5% during the third quarter. Global Retirement Partners LLC now owns 1,195 shares of the company’s stock worth $27,000 after buying an additional 1,174 shares in the last quarter. TD Private Client Wealth LLC bought a new stake in shares of TIM during the third quarter worth $28,000. EverSource Wealth Advisors LLC grew its stake in shares of TIM by 188.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock valued at $41,000 after purchasing an additional 1,345 shares during the last quarter. Hantz Financial Services Inc. boosted its position in TIM by 303.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,064 shares of the company’s stock valued at $42,000 after buying an additional 1,552 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in TIM during the 2nd quarter worth about $42,000.

TIM Price Performance

Shares of TIM stock traded up $0.16 on Monday, hitting $23.46. The company had a trading volume of 329,202 shares, compared to its average volume of 460,867. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.94. The company has a market cap of $11.36 billion, a PE ratio of 16.07, a PEG ratio of 0.72 and a beta of 0.47. The business has a 50-day simple moving average of $21.53 and a 200-day simple moving average of $21.31. TIM has a 52 week low of $13.10 and a 52 week high of $24.40.

TIM (NYSE:TIMB) last announced its earnings results on Monday, November 3rd. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. TIM had a return on equity of 15.72% and a net margin of 15.35%.The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Research analysts expect that TIM will post 1.34 EPS for the current fiscal year.

TIM Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th were given a $0.6784 dividend. The ex-dividend date of this dividend was Monday, December 29th. TIM’s payout ratio is currently 96.58%.

TIM Company Profile

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA