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

Telecom Italia S.p.A. (OTCMKTS:TIIAY) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 33,200 shares, a growth of 140.6% from the December 31st total of 13,800 shares. Based on an average daily volume of 26,300 shares, the days-to-cover ratio is currently 1.3 days.

Telecom Italia Price Performance

Telecom Italia stock traded up $0.02 during midday trading on Thursday, hitting $2.75. 21,262 shares of the stock were exchanged, compared to its average volume of 10,181. The stock’s 50-day simple moving average is $2.54 and its 200 day simple moving average is $2.53. Telecom Italia has a fifty-two week low of $2.19 and a fifty-two week high of $3.09.

Wall Street Analysts Forecast Growth

Separately, Barclays raised Telecom Italia from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 10th.

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.