Telecom Italia S.p.A. (OTCMKTS:TIAOD – Get Free Report) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,465,692 shares, a growth of 609.1% from the June 15th total of 206,710 shares. Based on an average daily volume of 181 shares, the days-to-cover ratio is currently 8,097.7 days.
Telecom Italia Price Performance
OTCMKTS TIAOD remained flat at $8.86 during trading hours on Monday. Telecom Italia has a 52 week low of $0.40 and a 52 week high of $0.80. The stock has a 50 day moving average price of $8.15 and a two-hundred day moving average price of $7.12.
About Telecom Italia
Telecom Italia (OTCMKTS:TIAOF) is one of Italy’s leading telecommunications providers, offering a wide range of services that span fixed-line and mobile telephony, broadband Internet, and data transmission. Through its flagship brand TIM, the company delivers voice and data connectivity to residential, business and public sector customers, and has expanded into digital services such as cloud computing, cybersecurity solutions, and Internet of Things (IoT) applications.
In addition to its domestic footprint, Telecom Italia maintains a significant presence in Latin America through its majority-owned subsidiary TIM Brasil, which serves both urban and rural markets with mobile voice and data services.
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