Tim S.A. (NYSE:TIMB) Sees Large Decline in Short Interest

Tim S.A. (NYSE:TIMB) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 1,390,000 shares, a decline of 15.2% from the October 15th total of 1,640,000 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 349,800 shares, the days-to-cover ratio is presently 4.0 days.

Hedge Funds Weigh In On TIM

Several hedge funds have recently made changes to their positions in TIMB. Advisor Group Holdings Inc. lifted its stake in shares of TIM by 315.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,525 shares of the company’s stock valued at $29,000 after acquiring an additional 1,917 shares during the last quarter. Group One Trading L.P. raised its position in TIM by 125.6% during the 3rd quarter. Group One Trading L.P. now owns 2,933 shares of the company’s stock valued at $44,000 after purchasing an additional 1,633 shares during the last quarter. Tower Research Capital LLC TRC raised its position in TIM by 620.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,417 shares of the company’s stock valued at $49,000 after purchasing an additional 3,804 shares during the last quarter. Quantbot Technologies LP raised its position in TIM by 2,838.8% during the 2nd quarter. Quantbot Technologies LP now owns 4,702 shares of the company’s stock valued at $57,000 after purchasing an additional 4,542 shares during the last quarter. Finally, Signaturefd LLC raised its position in TIM by 25.8% during the 3rd quarter. Signaturefd LLC now owns 3,916 shares of the company’s stock valued at $58,000 after purchasing an additional 803 shares during the last quarter.

TIM Stock Performance

NYSE TIMB opened at $17.66 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.79 and a debt-to-equity ratio of 0.52. TIM has a one year low of $10.19 and a one year high of $17.86. The business has a 50 day simple moving average of $15.35 and a 200 day simple moving average of $14.92.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. The business had revenue of $1.24 billion for the quarter. TIM had a return on equity of 9.41% and a net margin of 9.85%. On average, sell-side analysts anticipate that TIM will post 1 earnings per share for the current fiscal year.

TIM Increases Dividend

The business also recently declared a — dividend, which was paid on Monday, October 30th. Stockholders of record on Friday, September 29th were given a $0.1244 dividend. The ex-dividend date was Thursday, September 28th. This is a boost from TIM’s previous — dividend of $0.12. This represents a dividend yield of 4.4%. TIM’s payout ratio is 57.45%.

Analyst Ratings Changes

A number of research analysts have recently commented on TIMB shares. Barclays cut their price target on TIM from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, October 23rd. TheStreet upgraded TIM from a “c+” rating to a “b-” rating in a report on Thursday, September 14th. Finally, The Goldman Sachs Group boosted their target price on TIM from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 8th.

About TIM

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers ultra-broadband, digital content, and tailored packages services. The company serves individuals and corporates, as well as small, medium, and large companies.