TIM S.A. Sponsored ADR (NYSE:TIMB) Short Interest Update

TIM S.A. Sponsored ADR (NYSE:TIMB) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,384,993 shares, a decline of 55.7% from the April 30th total of 3,127,979 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 552,669 shares, the days-to-cover ratio is currently 2.5 days.

Insider Activity at TIM

In related news, insider Auana Mattar Lima sold 8,200 shares of TIM stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $4.42, for a total value of $36,244.00. Following the sale, the insider owned 36,686 shares of the company’s stock, valued at approximately $162,152.12. The trade was a 18.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hedge Funds Weigh In On TIM

Several hedge funds and other institutional investors have recently modified their holdings of TIMB. Wells Fargo & Company MN grew its holdings in TIM by 53.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after purchasing an additional 494 shares during the period. Kestra Advisory Services LLC purchased a new stake in TIM in the fourth quarter worth about $39,000. EverSource Wealth Advisors LLC grew its holdings in TIM by 188.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after purchasing an additional 1,345 shares during the period. Raymond James Financial Inc. purchased a new stake in TIM in the second quarter worth about $42,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in TIM in the fourth quarter worth about $56,000.

TIM Trading Down 0.8%

TIM stock traded down $0.17 during mid-day trading on Monday, hitting $21.85. The company’s stock had a trading volume of 296,153 shares, compared to its average volume of 409,517. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.89. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 1.14 and a beta of 0.37. The business has a 50 day moving average price of $25.01 and a 200-day moving average price of $23.84. TIM has a 12 month low of $17.07 and a 12 month high of $28.22.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. TIM had a return on equity of 17.77% and a net margin of 16.00%. As a group, analysts forecast that TIM will post 1.8 EPS for the current year.

TIM Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Thursday, May 7th. Stockholders of record on Monday, March 30th were paid a dividend of $0.1552 per share. The ex-dividend date of this dividend was Monday, March 30th. TIM’s dividend payout ratio is 61.59%.

Analyst Ratings Changes

TIMB has been the subject of a number of recent research reports. Bradesco Corretora lowered shares of TIM to a “neutral” rating in a research report on Tuesday, April 28th. The Goldman Sachs Group started coverage on shares of TIM in a research report on Monday, May 18th. They set a “neutral” rating and a $23.40 price target for the company. Scotiabank boosted their price target on shares of TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 27th. Zacks Research lowered shares of TIM from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Weiss Ratings lowered shares of TIM from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, TIM currently has an average rating of “Hold” and an average price target of $25.90.

About TIM

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA