Telecom Italia S.p.A. (OTCMKTS:TIIAY) Short Interest Update

Telecom Italia S.p.A. (OTCMKTS:TIIAY) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 13,100 shares, a drop of 20.6% from the October 15th total of 16,500 shares. Based on an average daily trading volume, of 14,000 shares, the days-to-cover ratio is presently 0.9 days.

Telecom Italia Price Performance

Shares of Telecom Italia stock remained flat at $2.40 during mid-day trading on Friday. 9,266 shares of the company’s stock traded hands, compared to its average volume of 10,215. Telecom Italia has a 1 year low of $2.19 and a 1 year high of $3.34. The firm’s 50 day moving average is $2.58 and its 200-day moving average is $2.51.

Telecom Italia Company Profile

Telecom Italia S.p.A., together with its subsidiaries, engages in the provision of 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 top, public sector and large account customers.