Short Interest in Tim S.A. (NYSE:TIMB) Increases By 27.8%

Tim S.A. (NYSE:TIMB - Get Free Report) saw a large increase in short interest in 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. Based on an average daily trading volume, of 587,900 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.3% of the company's stock are short sold.

Institutional Trading of TIM

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in TIM in the 3rd quarter worth $25,000. Global Retirement Partners LLC lifted its holdings in shares of TIM by 1,005.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after acquiring an additional 2,211 shares during the period. R Squared Ltd bought a new position in shares of TIM during the 4th quarter worth about $53,000. Point72 Hong Kong Ltd bought a new position in shares of TIM during the 4th quarter worth about $54,000. Finally, EntryPoint Capital LLC bought a new position in shares of TIM during the 4th quarter worth about $146,000.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TIMB. Barclays increased their target price on shares of TIM from $16.00 to $16.50 and gave the stock an "equal weight" rating in a research report on Monday. UBS Group downgraded shares of TIM from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. The Goldman Sachs Group cut their price target on shares of TIM from $16.20 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Finally, Scotiabank cut their price target on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a report on Wednesday, February 12th.

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TIM Stock Performance

NYSE:TIMB traded up $0.12 during midday trading on Friday, reaching $15.09. The stock had a trading volume of 129,375 shares, compared to its average volume of 489,625. TIM has a 1-year low of $11.32 and a 1-year high of $18.78. The firm's fifty day simple moving average is $13.85 and its 200-day simple moving average is $14.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market capitalization of $7.30 billion, a P/E ratio of 12.79, a PEG ratio of 0.67 and a beta of 0.84.

TIM (NYSE:TIMB - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). TIM had a net margin of 12.24% and a return on equity of 11.91%. On average, equities research analysts forecast that TIM will post 1.34 EPS for the current fiscal year.

TIM Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, February 21st will be paid a $0.0717 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.29 dividend on an annualized basis and a yield of 1.90%. TIM's payout ratio is presently 51.69%.

TIM Company Profile

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.