Telecom Italia S.P.A. (OTCMKTS:TIIAY) Short Interest Down 59.0% in April

Telecom Italia S.P.A. (OTCMKTS:TIIAY) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 31,604 shares, a drop of 59.0% from the April 15th total of 77,004 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 62,036 shares, the short-interest ratio is currently 0.5 days.

Telecom Italia Price Performance

TIIAY stock opened at $8.41 on Friday. The company’s 50 day moving average is $7.51 and its 200 day moving average is $6.78. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.84. Telecom Italia has a 1-year low of $4.19 and a 1-year high of $8.54.

Wall Street Analysts Forecast Growth

TIIAY has been the subject of several research reports. Barclays restated an “overweight” rating on shares of Telecom Italia in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft downgraded Telecom Italia from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.