Poste Italiane S.p.A. (OTCMKTS:PITAF) Sees Large Decline in Short Interest

Poste Italiane S.p.A. (OTCMKTS:PITAF) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 3,468,700 shares, a decrease of 22.4% from the October 31st total of 4,470,100 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is presently 11,562.3 days.

Poste Italiane Price Performance

PITAF remained flat at $14.11 during trading on Friday. The business’s fifty day moving average is $13.72 and its two-hundred day moving average is $13.56. Poste Italiane has a 12 month low of $13.45 and a 12 month high of $14.11.

About Poste Italiane

Poste Italiane S.p.A. provides postal, logistics, and financial and insurance products and services in Italy. It operates in four segments: Mail, Parcels and Distribution; PostePay Services; Financial Services; and Insurance Services. The Mail, Parcels and Distribution segment offers mail, parcel, and logistics management services, as well as engages in the activities of the distribution network.