Telecom Italia S.p.A. (OTCMKTS:TIAOD – Get Free Report) was the recipient of a significant drop in short interest in 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 daily volume of 4,981 shares, the days-to-cover ratio is currently 41.5 days.
Telecom Italia Price Performance
TIAOD opened at $8.86 on Friday. The company has a fifty day moving average of $7.84 and a 200 day moving average of $6.89. Telecom Italia has a fifty-two week low of $0.40 and a fifty-two week high of $0.80.
Telecom Italia Company Profile
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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