Time to Reconsider TELECOM ITALIA S.P.A. NEW ITALY (OTCMKTS:TIAOF) After More Short Sellers?

July 14, 2018 - By Elizabeth Bryant

Telecom Italia S.p.A. (OTCMKTS:TIAOF) Logo

The stock of TELECOM ITALIA S.P.A. NEW ITALY (OTCMKTS:TIAOF) registered an increase of 10.15% in short interest. TIAOF’s total short interest was 247.08 million shares in July as published by FINRA. Its up 10.15% from 224.32M shares, reported previously. With 6,200 shares average volume, it will take short sellers 39852 days to cover their TIAOF’s short positions. The short interest to TELECOM ITALIA S.P.A. NEW ITALY’s float is 1.46%.

It closed at $0.7899 lastly. It is down 0.00% since July 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services. The company has market cap of $15.69 billion. It offers landline and mobile telecommunications, voice, messaging, data, Internet, and broadband services for consumers, as well as for small and medium-size enterprises, small offices/home offices, public sector clients, large accounts, and enterprises in the fixed and mobile telecommunications markets. It has a 12.54 P/E ratio. The firm also provides regulated and unregulated wholesale services for fixed and mobile telecommunications operators; and infrastructure for housing radio transmission equipment of mobile telephone networks, as well as engages in the development, engineering, building, and operation of network infrastructures, real estate properties, and plant engineering.

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