OI S A/S (NYSE:OIBR.C) Short Interest Down 20.9% in November

OI S A/S (NYSE:OIBR.C) was the recipient of a significant decline in short interest during the month of November. As of November 29th, there was short interest totalling 1,060,000 shares, a decline of 20.9% from the November 14th total of 1,340,000 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is presently 0.7 days.

Shares of OIBR.C remained flat at $$1.07 during trading hours on Thursday. 6,506,607 shares of the stock were exchanged, compared to its average volume of 123,171. OI S A/S has a 12-month low of $4.76 and a 12-month high of $9.71. The stock has a 50-day simple moving average of $1.11 and a two-hundred day simple moving average of $1.46.

About OI S A/S

Oi SA, a switched fixed-line telephony services concessionaire, provides integrated telecommunication services in Brazil. The company offers fixed telephony services, including voice, data communication, and pay TV services; local and intraregional long-distance carrier services; domestic and international long-distance services; mobile telephony and corporate solutions; and installation, maintenance, and repair services, as well as value-added services and commercial data transmission services.

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