Telecom Italia S.P.A. (OTCMKTS:TIIAY) Sees Large Increase in Short Interest

Telecom Italia S.P.A. (OTCMKTS:TIIAY) saw a large growth in short interest in 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 92,338 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets reaffirmed a “hold” rating on shares of Telecom Italia in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Telecom Italia Stock Performance

Shares of OTCMKTS:TIIAY opened at $9.05 on Wednesday. Telecom Italia has a 52-week low of $4.54 and a 52-week high of $11.20. The business has a fifty day moving average of $9.01 and a two-hundred day moving average of $7.77.

Telecom Italia Company Profile

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.