Short Interest in Telecom Italia S.p.A. (OTCMKTS:TIAOF) Rises By 18.5%

Telecom Italia S.p.A. (OTCMKTS:TIAOF – Get Rating) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 478,374,800 shares, a growth of 18.5% from the January 31st total of 403,777,000 shares. Based on an average daily trading volume, of 19,300 shares, the short-interest ratio is currently 24,786.3 days.

Telecom Italia Price Performance

Shares of OTCMKTS:TIAOF opened at $0.32 on Friday. The firm has a fifty day moving average of $0.28 and a two-hundred day moving average of $0.23. Telecom Italia has a 12-month low of $0.15 and a 12-month high of $0.38.

Telecom Italia Company Profile

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Telecom Italia SpA engages in the provision of telecommunication and Internet services, digital contents, and cloud services. It operates through the following business segments: Domestic, Brazil, and Other Operations. The Domestic segment includes operations in Italy for voice and data services on fixed and mobile networks for retail and wholesale customers, the international wholesale through Telecom Italia Sparkle, and products and services for information technology through the Olivetti group.