Short Interest in Telecom Italia S.p.A. (OTCMKTS:TIIAY) Decreases By 20.6%

Telecom Italia S.p.A. (OTCMKTS:TIIAY) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 13,100 shares, a decrease of 20.6% from the October 15th total of 16,500 shares. Based on an average trading volume of 14,000 shares, the days-to-cover ratio is currently 0.9 days.

Telecom Italia Stock Performance

Shares of Telecom Italia stock traded up $0.14 during midday trading on Friday, hitting $2.40. The company’s stock had a trading volume of 33,049 shares, compared to its average volume of 8,971. Telecom Italia has a 1-year low of $2.19 and a 1-year high of $3.34. The stock has a 50-day simple moving average of $2.58 and a 200-day simple moving average of $2.51.

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.