Telecom Italia S.p.A. (OTCMKTS:TIIAY) Short Interest Down 48.6% in February

Telecom Italia S.p.A. (OTCMKTS:TIIAY) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 16,000 shares, a decrease of 48.6% from the February 13th total of 31,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 21,700 shares, the days-to-cover ratio is currently 0.7 days.

Telecom Italia Price Performance

TIIAY stock traded up $0.03 on Friday, hitting $2.96. 10,996 shares of the company were exchanged, compared to its average volume of 11,125. The business’s fifty day moving average is $2.76 and its two-hundred day moving average is $2.62. Telecom Italia has a twelve month low of $2.19 and a twelve month high of $3.17. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 0.85.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Hsbc Global Res raised Telecom Italia from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Barclays upgraded shares of Telecom Italia from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 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.