Tim S.A. (NYSE:TIMB) Short Interest Update

Tim S.A. (NYSE:TIMB) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 662,300 shares, an increase of 23.9% from the August 15th total of 534,500 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 456,400 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their target price on TIM from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd.

Institutional Investors Weigh In On TIM

A number of large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. purchased a new position in TIM in the 4th quarter valued at about $191,000. Fiera Capital Corp purchased a new position in shares of TIM during the fourth quarter valued at approximately $1,700,000. UBS Group AG boosted its position in TIM by 19.3% during the fourth quarter. UBS Group AG now owns 453,388 shares of the company’s stock worth $8,374,000 after acquiring an additional 73,388 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in TIM in the 4th quarter worth approximately $344,000. Finally, Assetmark Inc. raised its holdings in TIM by 5.0% in the 4th quarter. Assetmark Inc. now owns 191,741 shares of the company’s stock valued at $3,541,000 after acquiring an additional 9,206 shares during the last quarter.

TIM Stock Up 0.2 %

NYSE TIMB traded up $0.04 during trading hours on Tuesday, reaching $16.94. The company’s stock had a trading volume of 514,723 shares, compared to its average volume of 451,146. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.88 and a quick ratio of 0.85. The company’s 50-day moving average is $15.81 and its two-hundred day moving average is $16.30. TIM has a fifty-two week low of $13.84 and a fifty-two week high of $19.14.

TIM (NYSE:TIMB) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.31 EPS for the quarter. TIM had a net margin of 12.53% and a return on equity of 11.47%. The business had revenue of $1.21 billion for the quarter. As a group, research analysts forecast that TIM will post 1.24 EPS for the current year.

TIM Company Profile

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.