Telecom Italia S.p.A. (OTCMKTS:TIAIY) Sees Significant Drop in Short Interest

Telecom Italia S.p.A. (OTCMKTS:TIAIY - Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 1,400 shares, a drop of 48.1% from the April 30th total of 2,700 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is currently 1.0 days.

Telecom Italia Stock Performance

Telecom Italia stock remained flat at $4.61 during midday trading on Monday. The company has a 50 day simple moving average of $4.22 and a 200 day simple moving average of $3.48. Telecom Italia has a one year low of $2.46 and a one year high of $4.88. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.69.

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.