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

Telecom Italia S.p.A. (OTCMKTS:TIAIY – Get Rating) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 100 shares, a decrease of 50.0% from the April 30th total of 200 shares. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is presently 0.1 days.

Telecom Italia Stock Performance

TIAIY stock traded down $0.15 during trading on Friday, hitting $2.68. The company had a trading volume of 434 shares, compared to its average volume of 3,622. The business has a 50 day moving average of $2.98 and a 200 day moving average of $2.70. Telecom Italia has a fifty-two week low of $1.59 and a fifty-two week high of $3.32.

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.