Tim S.A. (NYSE:TIMB) Sees Significant Drop in Short Interest

Tim S.A. (NYSE:TIMB – Get Rating) was the target of a large decline in short interest in April. As of April 30th, there was short interest totalling 895,900 shares, a decline of 13.9% from the April 15th total of 1,040,000 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 679,100 shares, the days-to-cover ratio is currently 1.3 days.

Shares of TIM stock opened at $13.85 on Wednesday. The firm has a market capitalization of $6.71 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.13 and a beta of 0.73. The company has a current ratio of 1.56, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $13.88 and its 200 day moving average is $12.64. TIM has a 1 year low of $9.81 and a 1 year high of $15.61.

TIM (NYSE:TIMB – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.08. The company had revenue of $860.05 million for the quarter, compared to analyst estimates of $854.97 million. TIM had a net margin of 16.66% and a return on equity of 9.35%. As a group, research analysts anticipate that TIM will post 0.71 earnings per share for the current year.

The firm also recently announced a — dividend, which was paid on Wednesday, May 4th. Investors of record on Monday, April 4th were given a dividend of $0.0821 per share. The ex-dividend date was Friday, April 1st. This represents a yield of 2%. TIM’s dividend payout ratio is presently 29.17%.

TIMB has been the subject of several analyst reports. Zacks Investment Research upgraded shares of TIM from a “sell” rating to a “hold” rating in a research note on Saturday. Citigroup began coverage on shares of TIM in a report on Monday, April 18th. They set a “buy” rating on the stock.

Large investors have recently bought and sold shares of the stock. Pacer Advisors Inc. acquired a new stake in TIM during the 4th quarter worth approximately $53,000. DGS Capital Management LLC acquired a new stake in TIM during the 4th quarter worth approximately $142,000. BlackRock Inc. boosted its position in TIM by 3.4% during the 3rd quarter. BlackRock Inc. now owns 603,875 shares of the company’s stock worth $6,485,000 after buying an additional 20,010 shares during the period. American Century Companies Inc. boosted its position in TIM by 93.4% during the 4th quarter. American Century Companies Inc. now owns 51,835 shares of the company’s stock worth $603,000 after buying an additional 25,031 shares during the period. Finally, Marshall Wace LLP acquired a new stake in TIM during the 3rd quarter worth approximately $420,000. Institutional investors and hedge funds own 5.02% of the company’s stock.

About TIM (Get Rating)

TIM SA operates as a telecommunications company in Brazil. The company provides mobile voice and data services, broadband internet access, value-added services, and other telecommunications services and products. It also offers fixed-line ultra-broadband and TIM Live services, as well as WTTx technology through Ultrafibra services and IoT solutions.

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