Telecom Italia S.p.A. (OTCMKTS:TIIAY) Sees Large Drop in Short Interest

Telecom Italia S.p.A. (OTCMKTS:TIIAY) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 16,400 shares, a drop of 20.0% from the March 31st total of 20,500 shares. Based on an average trading volume of 151,600 shares, the days-to-cover ratio is presently 0.1 days.

Telecom Italia Stock Down 1.3 %

OTCMKTS TIIAY traded down $0.03 during trading hours on Friday, hitting $2.32. The company’s stock had a trading volume of 40,779 shares, compared to its average volume of 62,613. Telecom Italia has a 52 week low of $2.21 and a 52 week high of $3.45. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.70 and a quick ratio of 0.68. The company’s 50-day simple moving average is $2.53 and its two-hundred day simple moving average is $2.76.

Telecom Italia Company Profile

Telecom Italia S.p.A., together with its subsidiaries, engages in the provision of fixed and mobile telecommunications services in Italy and internationally. The company operates through Domestic, Brazil, and Other Operations segments. It offers fixed and mobile voice and Internet, and public telephony services, as well as products managed and developed for individuals and families; and voice, data, and Internet services and products, and information and communications technology solutions for top, public sector and large account customers.