OI S A/S (NYSE:OIBR.C) Sees Significant Decline in Short Interest

OI S A/S (NYSE:OIBR.C) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 1,490,000 shares, a drop of 8.0% from the April 30th total of 1,620,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 2,280,000 shares, the short-interest ratio is currently 0.7 days.

OIBR.C traded down $0.02 during trading on Friday, hitting $0.52. The company’s stock had a trading volume of 1,672,312 shares, compared to its average volume of 123,171. OI S A/S has a one year low of $4.76 and a one year high of $9.71. The business’s 50 day simple moving average is $0.49 and its 200-day simple moving average is $0.87.

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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