Telecom Italia S.P.A. (OTCMKTS:TIIAY) Sees Large Decline in Short Interest

Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 14,056 shares, a decrease of 88.0% from the June 30th total of 117,115 shares. Based on an average daily trading volume, of 75,534 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets reiterated a “hold” rating on shares of Telecom Italia in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Telecom Italia Stock Performance

OTCMKTS TIIAY opened at $8.32 on Friday. Telecom Italia has a twelve month low of $4.54 and a twelve month high of $11.20. The stock has a fifty day simple moving average of $9.07 and a 200 day simple moving average of $7.90.

Telecom Italia Company Profile

Telecom Italia S.p.A., commonly known by its brand TIM, is Italy’s leading integrated telecommunications operator. The company offers a comprehensive range of fixed‐line and mobile voice services, high‐speed broadband access, and digital television solutions to residential, corporate and wholesale clients. Telecom Italia designs, builds and manages network infrastructure, including fiber‐optic and wireless systems, to deliver reliable connectivity across urban and rural markets in Italy.

Beyond traditional telephony, Telecom Italia has expanded into information and communications technology (ICT) services, providing cloud computing, cybersecurity, Internet of Things (IoT) platforms and data analytics solutions.