Poste Italiane S.p.A. (OTCMKTS:PITAF) Sees Large Drop in Short Interest

Poste Italiane S.p.A. (OTCMKTS:PITAF) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 4,434,500 shares, a decrease of 27.4% from the February 28th total of 6,111,400 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 44,345.0 days.

Poste Italiane Stock Performance

Poste Italiane stock remained flat at $17.81 during mid-day trading on Friday. Poste Italiane has a one year low of $13.45 and a one year high of $17.81. The business’s fifty day simple moving average is $15.21 and its two-hundred day simple moving average is $14.33.

About Poste Italiane

Poste Italiane S.p.A. provides postal, logistics, and financial and insurance products and services in Italy. It operates in four segments: Mail, Parcels and Distribution; PostePay Services; Financial Services; and Insurance Services. The Mail, Parcels and Distribution segment offers mail, parcel, and logistics management services, as well as engages in the activities of the distribution network.