Short Interest in Telecom Italia S.P.A. (OTCMKTS:TIIAY) Grows By 408.6%

Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw a significant growth in short interest during the month of 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 daily trading volume, of 86,995 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company’s shares are sold short.

Telecom Italia Stock Up 0.9%

Shares of OTCMKTS TIIAY opened at $8.68 on Wednesday. Telecom Italia has a twelve month low of $4.74 and a twelve month high of $11.20. The stock has a fifty day simple moving average of $9.12 and a 200-day simple moving average of $8.10.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Kepler Capital Markets reiterated a “hold” rating on shares of Telecom Italia in a research report on Wednesday, June 24th. Barclays reissued an “overweight” rating on shares of Telecom Italia in a research note on Friday. One 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, the company 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.