TIM S.A. Sponsored ADR (NYSE:TIMB) Short Interest Down 51.2% in September

Key Points

• Short interest in TIM S.A. Sponsored ADR fell by 51.2% in September, decreasing from 4,140,000 shares to 2,020,000 shares, indicating a reduced bearish sentiment among investors.
• TIM declared a special dividend of $0.1888 per share, to be paid on January 28th, with an ex-dividend date of October 3rd.
• Analysts have given TIM a consensus rating of "Hold", with three recommending a Buy and a price target averaging around $21.25.

TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 2,020,000 shares, a decrease of 51.2% from the August 31st total of 4,140,000 shares. Based on an average daily trading volume, of 472,200 shares, the short-interest ratio is presently 4.3 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 472,200 shares, the short-interest ratio is presently 4.3 days.

Hedge Funds Weigh In On TIM

Institutional investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. grew its holdings in shares of TIM by 10.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 3,482,294 shares of the company's stock valued at $70,029,000 after buying an additional 339,384 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of TIM by 4.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company's stock worth $16,539,000 after buying an additional 47,130 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of TIM by 10.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 624,359 shares of the company's stock worth $9,771,000 after buying an additional 57,562 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of TIM by 26.4% during the 2nd quarter. American Century Companies Inc. now owns 445,578 shares of the company's stock worth $8,961,000 after purchasing an additional 93,179 shares during the period. Finally, Assetmark Inc. boosted its position in TIM by 15.3% in the 2nd quarter. Assetmark Inc. now owns 380,158 shares of the company's stock valued at $7,645,000 after buying an additional 50,379 shares during the period.

TIM Stock Up 0.9%

NYSE TIMB traded up $0.19 during trading hours on Friday, hitting $22.12. The company's stock had a trading volume of 168,172 shares, compared to its average volume of 487,853. TIM has a 52 week low of $11.32 and a 52 week high of $22.47. The company's 50-day simple moving average is $20.69 and its two-hundred day simple moving average is $18.44. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $10.71 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 0.87 and a beta of 0.65.

TIM (NYSE:TIMB - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. TIM had a net margin of 13.91% and a return on equity of 13.99%. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $6.62 billion. Research analysts anticipate that TIM will post 1.34 EPS for the current fiscal year.

TIM Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.1888 per share. The ex-dividend date of this dividend is Friday, October 3rd. TIM's dividend payout ratio is 60.47%.

Analysts Set New Price Targets

TIMB has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of TIM in a report on Saturday, September 27th. Hsbc Global Res lowered TIM from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 12th. Citigroup started coverage on TIM in a report on Wednesday, September 10th. They set a "buy" rating on the stock. HSBC lowered TIM to a "hold" rating in a report on Friday, June 13th. Finally, JPMorgan Chase & Co. boosted their price target on TIM from $22.00 to $24.50 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.25.

About TIM

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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