Telecom Italia S.P.A. (OTCMKTS:TIIAY) Stock Short Interest Report for September

Telecom Italia S.P.A. (OTCMKTS:TIIAY) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 18,355 shares, a decline of 38.1% from the September 15th total of 29,666 shares. Based on an average daily trading volume, of 94,909 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TIIAY shares. Zacks Research upgraded Telecom Italia to a “hold” rating in a research note on Thursday, October 8th. Barclays reaffirmed an “overweight” rating on shares of Telecom Italia in a research report on Friday, August 7th. Finally, Kepler Capital Markets reiterated a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Telecom Italia Trading Up 3.1%

TIIAY stock opened at $6.32 on Friday. Telecom Italia has a 1-year low of $5.43 and a 1-year high of $11.20. The firm has a fifty day moving average price of $8.26 and a two-hundred day moving average price of $8.46.

About Telecom Italia

Telecom Italia S.p.A., operating primarily under the TIM brand, is an Italian telecommunications company that provides fixed-line and mobile communications services. Its offerings include voice and data connectivity, broadband and ultrabroadband internet, mobile services, and related digital communications products for consumers, businesses and public-sector organizations.

The company also provides information and communication technology services, including cloud computing, data center, cybersecurity, managed connectivity and digital solutions.