Telecom Italia S.p.A. (OTCMKTS:TIIAY) Sees Large Drop in Short Interest

Telecom Italia S.p.A. (OTCMKTS:TIIAY - Get Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 16,000 shares, a drop of 48.6% from the February 13th total of 31,100 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 21,700 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

TIIAY has been the subject of several recent research reports. Hsbc Global Res raised shares of Telecom Italia from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Barclays raised shares of Telecom Italia from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, December 10th.

Telecom Italia Stock Down 1.6 %

TIIAY stock traded down $0.05 during midday trading on Tuesday, hitting $3.14. The company's stock had a trading volume of 35,045 shares, compared to its average volume of 11,744. The firm has a 50-day simple moving average of $2.80 and a 200-day simple moving average of $2.63. Telecom Italia has a 52-week low of $2.19 and a 52-week high of $3.21. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 0.85.

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.