Tim S.A. (NYSE:TIMB) Short Interest Down 34.0% in December

Tim S.A. (NYSE:TIMB) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 798,300 shares, a decrease of 34.0% from the November 30th total of 1,210,000 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 549,800 shares, the short-interest ratio is presently 1.5 days.

TIM Stock Performance

Shares of TIMB traded down $0.14 during midday trading on Monday, reaching $11.71. The stock had a trading volume of 375,466 shares, compared to its average volume of 479,168. The firm has a market cap of $5.67 billion, a PE ratio of 9.29, a P/E/G ratio of 0.57 and a beta of 0.84. The firm has a 50 day simple moving average of $13.58 and a 200-day simple moving average of $14.94. TIM has a one year low of $11.61 and a one year high of $19.14. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). The business had revenue of $1.16 billion for the quarter. TIM had a return on equity of 11.73% and a net margin of 12.71%. As a group, sell-side analysts anticipate that TIM will post 1.2 EPS for the current year.

TIM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, December 30th will be paid a $0.1723 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date is Monday, December 30th. This is a boost from TIM’s previous quarterly dividend of $0.09. TIM’s dividend payout ratio is 53.97%.

Institutional Investors Weigh In On TIM

Several hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its position in TIM by 7.8% during the second quarter. Victory Capital Management Inc. now owns 46,912 shares of the company’s stock worth $672,000 after acquiring an additional 3,408 shares during the last quarter. Custom Index Systems LLC acquired a new stake in TIM during the 2nd quarter worth approximately $287,000. Caprock Group LLC acquired a new stake in TIM during the 2nd quarter worth approximately $202,000. Daiwa Securities Group Inc. boosted its stake in TIM by 69.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 22,000 shares of the company’s stock valued at $315,000 after purchasing an additional 9,000 shares during the period. Finally, American Century Companies Inc. grew its holdings in TIM by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 284,714 shares of the company’s stock valued at $4,077,000 after buying an additional 15,501 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of TIM from $18.00 to $17.50 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. UBS Group cut shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. The Goldman Sachs Group reduced their price objective on shares of TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Finally, Scotiabank lowered their target price on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 5th.

TIM Company Profile

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.