Short Interest in Tim S.A. (NYSE:TIMB) Decreases By 17.6%

Tim S.A. (NYSE:TIMB - Get Free Report) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 1,920,000 shares, a decrease of 17.6% from the March 31st total of 2,330,000 shares. Currently, 0.4% of the company's stock are sold short. Based on an average daily volume of 578,200 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Trading of TIM

A number of large investors have recently bought and sold shares of the stock. Global Retirement Partners LLC boosted its stake in shares of TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock valued at $29,000 after purchasing an additional 2,211 shares in the last quarter. GAMMA Investing LLC boosted its position in TIM by 119.3% in the first quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock valued at $47,000 after buying an additional 1,647 shares in the last quarter. Farther Finance Advisors LLC grew its stake in TIM by 30,036.4% during the first quarter. Farther Finance Advisors LLC now owns 3,315 shares of the company's stock worth $53,000 after buying an additional 3,304 shares during the last quarter. R Squared Ltd acquired a new stake in shares of TIM during the fourth quarter worth approximately $53,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of TIM in the fourth quarter valued at approximately $54,000.

TIM Stock Performance

TIMB traded up $0.09 during trading on Friday, reaching $16.62. 17,593 shares of the company's stock were exchanged, compared to its average volume of 514,755. The company has a market capitalization of $8.05 billion, a P/E ratio of 14.07, a PEG ratio of 0.67 and a beta of 0.53. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average price of $15.13 and a 200 day moving average price of $14.04. TIM has a fifty-two week low of $11.32 and a fifty-two week high of $18.39.

TIM (NYSE:TIMB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (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%. As a group, analysts predict that TIM will post 1.34 earnings per share for the current fiscal year.

TIM Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, April 11th will be given a dividend of $0.2288 per share. This represents a dividend yield of 5.73%. The ex-dividend date is Thursday, April 10th. This is an increase from TIM's previous dividend of $0.08. TIM's dividend payout ratio (DPR) is 65.25%.

Wall Street Analysts Forecast Growth

TIMB has been the subject of a number of research reports. The Goldman Sachs Group lifted their price objective on TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a research report on Wednesday. Barclays boosted their target price on shares of TIM from $16.00 to $16.50 and gave the stock an "equal weight" rating in a research report on Monday, March 17th. Finally, Scotiabank lowered their target price on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a research report on Wednesday, February 12th.

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.

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