Telecom Italia S.P.A. (OTCMKTS:TIIAY) Short Interest Up 228.7% in June

Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 117,115 shares, a growth of 228.7% from the June 15th total of 35,631 shares. Based on an average daily trading volume, of 92,338 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Kepler Capital Markets restated a “hold” rating on shares of Telecom Italia in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Telecom Italia Stock Performance

OTCMKTS TIIAY traded down $0.13 during trading hours on Tuesday, hitting $9.05. 45,785 shares of the company’s stock were exchanged, compared to its average volume of 37,353. The business’s 50 day moving average is $8.98 and its 200-day moving average is $7.75. Telecom Italia has a 12-month low of $4.54 and a 12-month high of $11.20.

About Telecom Italia

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.