Telecom Italia S.p.A. (OTCMKTS:TIIAY) Short Interest Down 14.4% in May

Telecom Italia S.p.A. (OTCMKTS:TIIAY - Get Free Report) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totalling 13,700 shares, a drop of 14.4% from the April 30th total of 16,000 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,400 shares, the short-interest ratio is currently 1.2 days.

Telecom Italia Stock Up 0.5%

OTCMKTS:TIIAY traded up $0.02 during mid-day trading on Friday, hitting $4.34. 6,706 shares of the company's stock were exchanged, compared to its average volume of 11,122. The company has a 50 day simple moving average of $3.86 and a 200-day simple moving average of $3.12. 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 has a fifty-two week low of $2.19 and a fifty-two week high of $4.43.

Analysts Set New Price Targets

TIIAY has been the topic of several recent research reports. Hsbc Global Res raised Telecom Italia from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. BNP Paribas raised Telecom Italia from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 10th. Finally, New Street Research lowered Telecom Italia from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

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.