Telecom Italia S.p.A. (OTCMKTS:TIIAY) Short Interest Up 69.3% in July

Telecom Italia S.p.A. (OTCMKTS:TIIAY) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 21,500 shares, an increase of 69.3% from the June 30th total of 12,700 shares. Based on an average daily trading volume, of 46,800 shares, the days-to-cover ratio is currently 0.5 days.

Telecom Italia Stock Performance

TIIAY traded up $0.03 during trading on Friday, reaching $2.43. 2,187 shares of the company’s stock were exchanged, compared to its average volume of 15,679. The company’s fifty day simple moving average is $2.49 and its 200-day simple moving average is $2.60. Telecom Italia has a 1 year low of $2.21 and a 1 year high of $3.45.

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.