Telecom Italia S.p.A. (OTCMKTS:TIIAY) Short Interest Update

Telecom Italia S.p.A. (OTCMKTS:TIIAY) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 33,600 shares, an increase of 171.0% from the November 15th total of 12,400 shares. Based on an average trading volume of 48,600 shares, the short-interest ratio is currently 0.7 days.

Telecom Italia Trading Up 2.7 %

Shares of OTCMKTS TIIAY traded up $0.07 during trading on Friday, reaching $2.68. The company had a trading volume of 1,764 shares, compared to its average volume of 37,444. Telecom Italia has a 52 week low of $2.19 and a 52 week high of $3.34. The business’s 50 day moving average price is $2.49 and its 200-day moving average price is $2.50.

Wall Street Analysts Forecast Growth

Separately, Barclays raised Telecom Italia from an “equal weight” rating to an “overweight” rating in a report on Tuesday.

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.