Tim S.A. (NYSE:TIMB) Short Interest Up 173.1% in January

Tim S.A. (NYSE:TIMB - Get Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 2,180,000 shares, an increase of 173.1% from the December 31st total of 798,300 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 532,600 shares, the days-to-cover ratio is presently 4.1 days.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays lowered their price target on TIM from $17.50 to $15.50 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. The Goldman Sachs Group lowered their target price on shares of TIM from $16.20 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. UBS Group cut shares of TIM from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Finally, Scotiabank lowered their price target on shares of TIM from $24.80 to $23.20 and set a "sector outperform" rating on the stock in a research report on Tuesday, November 5th.

TIM Trading Down 0.8 %

NYSE:TIMB traded down $0.11 during trading hours on Friday, hitting $13.24. The company had a trading volume of 1,493,538 shares, compared to its average volume of 485,441. TIM has a 1 year low of $11.32 and a 1 year high of $19.14. The company has a market cap of $6.41 billion, a P/E ratio of 10.50, a P/E/G ratio of 0.59 and a beta of 0.83. The company has a 50-day moving average of $12.53 and a 200 day moving average of $14.51. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.09). TIM had a net margin of 12.71% and a return on equity of 11.73%. The firm had revenue of $1.16 billion during the quarter. Sell-side analysts expect that TIM will post 1.16 earnings per share for the current year.

TIM Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 30th. Stockholders of record on Monday, December 30th were given a dividend of $0.1723 per share. This represents a $0.69 annualized dividend and a dividend yield of 5.21%. The ex-dividend date was Monday, December 30th. This is a positive change from TIM's previous quarterly dividend of $0.09. TIM's payout ratio is presently 56.35%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Stifel Financial Corp increased its position in shares of TIM by 1.0% during the third quarter. Stifel Financial Corp now owns 85,050 shares of the company's stock valued at $1,465,000 after acquiring an additional 822 shares during the last quarter. QRG Capital Management Inc. increased its holdings in TIM by 7.9% in the 3rd quarter. QRG Capital Management Inc. now owns 14,881 shares of the company's stock valued at $256,000 after purchasing an additional 1,085 shares during the last quarter. DGS Capital Management LLC raised its position in TIM by 4.4% in the third quarter. DGS Capital Management LLC now owns 32,682 shares of the company's stock valued at $563,000 after purchasing an additional 1,367 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in TIM during the third quarter worth $25,000. Finally, Global Retirement Partners LLC boosted its position in shares of 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 during the period.

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.