Telecom Italia S.P.A. (OTCMKTS:TIIAY) Short Interest Update

Telecom Italia S.P.A. (OTCMKTS:TIIAY) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 14,056 shares, a decline of 88.0% from the June 30th total of 117,115 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 75,534 shares, the days-to-cover ratio is currently 0.2 days.

Telecom Italia Stock Performance

TIIAY opened at $8.32 on Monday. Telecom Italia has a twelve month low of $4.54 and a twelve month high of $11.20. The company has a 50-day moving average price of $9.07 and a 200 day moving average price of $7.92.

Analyst Ratings Changes

Separately, Kepler Capital Markets reissued a “hold” rating on shares of Telecom Italia in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.