Tim S.A. (NYSE:TIMB) Short Interest Update

Tim S.A. (NYSE:TIMB) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,470,000 shares, an increase of 27.8% from the February 13th total of 1,150,000 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 587,900 shares, the short-interest ratio is currently 2.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TIMB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in TIM during the third quarter worth approximately $25,000. Global Retirement Partners LLC boosted its holdings in TIM by 1,005.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock worth $29,000 after buying an additional 2,211 shares in the last quarter. R Squared Ltd bought a new stake in TIM during the fourth quarter worth approximately $53,000. Point72 Hong Kong Ltd bought a new stake in TIM during the fourth quarter worth approximately $54,000. Finally, EntryPoint Capital LLC bought a new stake in TIM during the fourth quarter worth approximately $146,000.

Analyst Upgrades and Downgrades

TIMB has been the subject of a number of analyst reports. Scotiabank decreased their price objective on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group decreased their price objective on shares of TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Barclays upped their price objective on shares of TIM from $16.00 to $16.50 and gave the company an “equal weight” rating in a research report on Monday. Finally, UBS Group cut shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th.

TIM Stock Down 0.6 %

Shares of TIM stock traded down $0.09 during trading on Tuesday, reaching $15.07. The company had a trading volume of 595,165 shares, compared to its average volume of 489,426. The firm’s fifty day moving average is $13.67 and its 200-day moving average is $14.24. TIM has a fifty-two week low of $11.32 and a fifty-two week high of $18.78. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a net margin of 12.24% and a return on equity of 11.91%. On average, analysts anticipate that TIM will post 1.34 EPS for the current year.

TIM Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, February 21st will be issued a $0.0717 dividend. This represents a $0.29 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Friday, February 21st. TIM’s dividend payout ratio (DPR) is presently 51.69%.

About TIM

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.