Telecom Italia S.p.A. (OTCMKTS:TIAOD – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 206,710 shares, a drop of 97.9% from the May 31st total of 9,752,345 shares. Based on an average trading volume of 4,981 shares, the days-to-cover ratio is currently 41.5 days.
Telecom Italia Price Performance
Shares of OTCMKTS TIAOD opened at $8.86 on Friday. Telecom Italia has a 12 month low of $0.40 and a 12 month high of $0.80. The business has a 50-day moving average of $7.78 and a 200-day moving average of $6.85.
About Telecom Italia
Telecom Italia (OTCMKTS:TIAOF) is one of Italy’s leading telecommunications providers, offering a wide range of services that span fixed-line and mobile telephony, broadband Internet, and data transmission. Through its flagship brand TIM, the company delivers voice and data connectivity to residential, business and public sector customers, and has expanded into digital services such as cloud computing, cybersecurity solutions, and Internet of Things (IoT) applications.
In addition to its domestic footprint, Telecom Italia maintains a significant presence in Latin America through its majority-owned subsidiary TIM Brasil, which serves both urban and rural markets with mobile voice and data services.
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