Telecom Italia S.p.A. (OTCMKTS:TIIAY) Short Interest Down 26.6% in March

Telecom Italia S.p.A. (OTCMKTS:TIIAY) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 12,400 shares, a decline of 26.6% from the March 15th total of 16,900 shares. Based on an average trading volume of 13,300 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s shares are sold short.

Telecom Italia Stock Performance

Shares of OTCMKTS:TIIAY opened at $3.65 on Friday. The company has a 50 day moving average price of $3.07 and a two-hundred day moving average price of $2.74. Telecom Italia has a 52 week low of $2.19 and a 52 week high of $3.65. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.69.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TIIAY shares. Hsbc Global Res raised Telecom Italia from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. BNP Paribas upgraded Telecom Italia from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 10th.

About Telecom Italia

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.