Telecom Italia S.P.A. (OTCMKTS:TIIAY) Short Interest Update

Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 117,115 shares, a growth of 228.7% from the June 15th total of 35,631 shares. Based on an average trading volume of 92,338 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.0% of the company’s stock are sold short.

Telecom Italia Stock Performance

Shares of Telecom Italia stock opened at $9.13 on Monday. The company has a fifty day simple moving average of $8.95 and a 200-day simple moving average of $7.73. Telecom Italia has a 12-month low of $4.54 and a 12-month high of $11.20.

Analyst Ratings Changes

Separately, Kepler Capital Markets reissued a “hold” rating on shares of Telecom Italia in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

About Telecom Italia

Telecom Italia S.p.A., commonly known by its brand TIM, is Italy’s leading integrated telecommunications operator. The company offers a comprehensive range of fixed‐line and mobile voice services, high‐speed broadband access, and digital television solutions to residential, corporate and wholesale clients. Telecom Italia designs, builds and manages network infrastructure, including fiber‐optic and wireless systems, to deliver reliable connectivity across urban and rural markets in Italy.

Beyond traditional telephony, Telecom Italia has expanded into information and communications technology (ICT) services, providing cloud computing, cybersecurity, Internet of Things (IoT) platforms and data analytics solutions.