Short Interest in Telecom Italia S.p.A. (OTCMKTS:TIIAY) Increases By 31.0%

Telecom Italia S.p.A. (OTCMKTS:TIIAY) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 16,500 shares, a growth of 31.0% from the September 30th total of 12,600 shares. Based on an average trading volume of 12,900 shares, the short-interest ratio is currently 1.3 days.

Telecom Italia Price Performance

TIIAY stock traded down $0.03 during midday trading on Friday, hitting $2.53. 6,154 shares of the company’s stock were exchanged, compared to its average volume of 40,745. The firm has a 50 day moving average price of $2.62 and a 200-day moving average price of $2.50. Telecom Italia has a 12-month low of $2.21 and a 12-month high of $3.34.

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.