Short Interest in Tim S.A. (NYSE:TIMB) Expands By 45.6%

Tim S.A. (NYSE:TIMB) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,140,000 shares, a growth of 45.6% from the February 28th total of 1,470,000 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 578,200 shares, the days-to-cover ratio is currently 3.7 days.

Analyst Ratings Changes

TIMB has been the subject of a number of recent analyst reports. Scotiabank lowered their price target on TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a research report on Wednesday, February 12th. Barclays lifted their price target on shares of TIM from $16.00 to $16.50 and gave the company an “equal weight” rating in a report on Monday, March 17th. UBS Group cut shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group reduced their price target on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th.

TIM Stock Up 1.4 %

Shares of TIMB traded up $0.22 during mid-day trading on Monday, reaching $15.65. The company had a trading volume of 736,753 shares, compared to its average volume of 508,648. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. The firm has a 50-day moving average price of $14.34 and a 200 day moving average price of $14.17. TIM has a 52 week low of $11.32 and a 52 week high of $18.78.

TIM (NYSE:TIMB) last released its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. On average, sell-side analysts forecast that TIM will post 1.34 EPS for the current year.

TIM Increases Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Friday, April 4th will be issued a $0.1394 dividend. The ex-dividend date is Friday, April 4th. This is a boost from TIM’s previous — dividend of $0.12. This represents a yield of 6%. TIM’s payout ratio is 58.47%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TIMB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in TIM in the 3rd quarter worth approximately $25,000. Global Retirement Partners LLC raised its stake in shares of TIM by 1,005.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock worth $29,000 after purchasing an additional 2,211 shares during the last quarter. R Squared Ltd purchased a new position in shares of TIM in the fourth quarter worth $53,000. Point72 Hong Kong Ltd purchased a new stake in shares of TIM during the fourth quarter valued at $54,000. Finally, EntryPoint Capital LLC bought a new stake in TIM in the 4th quarter worth about $146,000.

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.