Telecom Italia S.p.A. (OTCMKTS:TIIAY) Short Interest Up 27.4% in April

Telecom Italia S.p.A. (OTCMKTS:TIIAY - Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 15,800 shares, a growth of 27.4% from the March 31st total of 12,400 shares. Based on an average daily volume of 33,600 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Several analysts have recently weighed in on TIIAY shares. Hsbc Global Res upgraded Telecom Italia from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. BNP Paribas raised shares of Telecom Italia from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 10th.

Telecom Italia Stock Performance

OTCMKTS TIIAY traded up $0.06 during trading on Wednesday, hitting $4.01. 2,031 shares of the company traded hands, compared to its average volume of 11,789. The business has a fifty day simple moving average of $3.32 and a 200 day simple moving average of $2.84. Telecom Italia has a 12 month low of $2.19 and a 12 month high of $4.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.85 and a quick ratio of 0.82.

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.