Short Interest in Telecom Italia S.p.A. (OTCMKTS:TIIAY) Drops By 61.6%

Telecom Italia S.p.A. (OTCMKTS:TIIAY) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 12,900 shares, a decline of 61.6% from the November 30th total of 33,600 shares. Based on an average trading volume of 36,700 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Barclays raised Telecom Italia from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 10th.

Telecom Italia Price Performance

Shares of OTCMKTS:TIIAY traded up $0.09 during trading on Friday, hitting $2.49. The company’s stock had a trading volume of 18,926 shares, compared to its average volume of 36,716. The company has a 50-day moving average of $2.47 and a 200-day moving average of $2.50. Telecom Italia has a 12 month low of $2.19 and a 12 month high of $3.31.

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.