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

Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 71,490 shares, a growth of 408.6% from the July 15th total of 14,056 shares. Based on an average trading volume of 86,995 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are sold short.

Telecom Italia Stock Performance

Telecom Italia stock opened at $8.79 on Friday. The company’s 50-day moving average is $9.13 and its 200-day moving average is $8.13. Telecom Italia has a fifty-two week low of $4.74 and a fifty-two week high of $11.20.

Wall Street Analyst Weigh In

TIIAY has been the subject of a number of research reports. Barclays reiterated an “overweight” rating on shares of Telecom Italia in a report on Friday, August 7th. Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.