Short Interest in Telecom Italia S.p.A. (OTCMKTS:TIIAY) Increases By 31.0%

Telecom Italia S.p.A. (OTCMKTS:TIIAY - Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 16,500 shares, a growth of 31.0% from the September 30th total of 12,600 shares. Based on an average trading volume of 12,900 shares, the days-to-cover ratio is presently 1.3 days.

Telecom Italia Trading Down 1.2 %

Shares of TIIAY traded down $0.03 on Friday, reaching $2.53. 6,154 shares of the company's stock were exchanged, compared to its average volume of 40,745. Telecom Italia has a 12 month low of $2.21 and a 12 month high of $3.34. The business has a 50 day moving average price of $2.62 and a two-hundred day moving average price of $2.50.

About Telecom Italia

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.