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

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

Telecom Italia Price Performance

Shares of OTCMKTS:TIIAY traded up $0.02 on Thursday, reaching $2.75. The company’s stock had a trading volume of 21,262 shares, compared to its average volume of 10,181. Telecom Italia has a 52-week low of $2.19 and a 52-week high of $3.09. The stock’s 50-day moving average is $2.54 and its two-hundred day moving average is $2.53.

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.

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.