Short Interest in Telecom Italia S.p.A. (OTCMKTS:TIIAY) Grows By 140.6%

Telecom Italia S.p.A. (OTCMKTS:TIIAY) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 33,200 shares, an increase of 140.6% from the December 31st total of 13,800 shares. Based on an average daily volume of 26,300 shares, the short-interest ratio is currently 1.3 days.

Telecom Italia Stock Performance

OTCMKTS:TIIAY traded down $0.05 on Friday, hitting $2.68. The company’s stock had a trading volume of 5,677 shares, compared to its average volume of 8,859. Telecom Italia has a one year low of $2.19 and a one year high of $3.09. The stock has a fifty day moving average of $2.55 and a two-hundred day moving average of $2.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.85 and a quick ratio of 0.82.

Analyst Ratings Changes

Separately, Barclays upgraded shares of Telecom Italia from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 10th.

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.