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

Telecom Italia S.P.A. (OTCMKTS:TIAIY - Get Free Report) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 700 shares, a decrease of 50.0% from the May 15th total of 1,400 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 4,700 shares, the days-to-cover ratio is currently 0.1 days.

Telecom Italia Stock Up 2.3%

Shares of OTCMKTS TIAIY traded up $0.11 during trading hours on Wednesday, reaching $5.01. 151 shares of the stock were exchanged, compared to its average volume of 1,884. The stock's fifty day simple moving average is $4.47 and its 200 day simple moving average is $3.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.80 and a quick ratio of 0.77. Telecom Italia has a 52 week low of $2.46 and a 52 week high of $5.01.

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.