Telecom Italia S.p.A. (OTCMKTS:TIAIY) Sees Significant Growth in Short Interest

Telecom Italia S.p.A. (OTCMKTS:TIAIYGet Rating) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 600 shares, an increase of 500.0% from the April 30th total of 100 shares. Based on an average trading volume of 17,000 shares, the short-interest ratio is currently 0.0 days.

Shares of Telecom Italia stock traded down $0.02 during trading on Wednesday, hitting $2.68. 7,427 shares of the company’s stock traded hands, compared to its average volume of 24,450. Telecom Italia has a twelve month low of $2.22 and a twelve month high of $6.08. The firm’s fifty day moving average price is $2.93 and its 200 day moving average price is $3.85.

Telecom Italia Company Profile (Get Rating)

Telecom Italia S.p.A., together with its subsidiaries, provides 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 small and medium-size enterprises, small offices/home offices, the public sector, large accounts, and enterprises in the fixed and mobile telecommunications markets.

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