Telecom Italia S.p.A. (OTCMKTS:TIAOF – Get Free Report) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 13,062,186 shares, a drop of 67.2% from the April 30th total of 39,829,509 shares. Based on an average daily volume of 817 shares, the short-interest ratio is presently 15,988.0 days.
Telecom Italia Stock Performance
Shares of OTCMKTS TIAOF opened at $0.80 on Friday. Telecom Italia has a 1-year low of $0.40 and a 1-year high of $0.80. The business’s 50 day moving average is $0.75 and its 200-day moving average is $0.66.
Telecom Italia Company Profile
Telecom Italia (OTCMKTS:TIAOF) is one of Italy’s leading telecommunications providers, offering a wide range of services that span fixed-line and mobile telephony, broadband Internet, and data transmission. Through its flagship brand TIM, the company delivers voice and data connectivity to residential, business and public sector customers, and has expanded into digital services such as cloud computing, cybersecurity solutions, and Internet of Things (IoT) applications.
In addition to its domestic footprint, Telecom Italia maintains a significant presence in Latin America through its majority-owned subsidiary TIM Brasil, which serves both urban and rural markets with mobile voice and data services.
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