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

Telecom Italia S.p.A. (OTCMKTS:TIIAY) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 16,400 shares, a drop of 20.0% from the March 31st total of 20,500 shares. Based on an average trading volume of 151,600 shares, the days-to-cover ratio is presently 0.1 days.

Telecom Italia Price Performance

Telecom Italia stock traded down $0.03 during midday trading on Monday, reaching $2.32. The company’s stock had a trading volume of 40,700 shares, compared to its average volume of 39,983. The stock’s 50 day simple moving average is $2.53 and its 200 day simple moving average is $2.76. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.70 and a quick ratio of 0.68. Telecom Italia has a fifty-two week low of $2.21 and a fifty-two week high of $3.45.

Telecom Italia Company Profile

Telecom Italia S.p.A., together with its subsidiaries, engages in the provision of fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for top, public sector and large account customers.