Short Interest in Telecom Italia S.p.A. (OTCMKTS:TIIAY) Increases By 171.0%

Telecom Italia S.p.A. (OTCMKTS:TIIAY) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 33,600 shares, an increase of 171.0% from the November 15th total of 12,400 shares. Based on an average trading volume of 48,600 shares, the days-to-cover ratio is currently 0.7 days.

Telecom Italia Trading Up 2.7 %

Shares of OTCMKTS TIIAY traded up $0.07 during midday trading on Friday, reaching $2.68. 1,764 shares of the stock were exchanged, compared to its average volume of 37,444. Telecom Italia has a 12 month low of $2.19 and a 12 month high of $3.34. The business has a 50-day simple moving average of $2.49 and a two-hundred day simple moving average of $2.50.

Wall Street Analyst Weigh In

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

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.