Tim S.A. (NYSE:TIMB) Sees Significant Growth in Short Interest

Tim S.A. (NYSE:TIMB) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 662,300 shares, a growth of 23.9% from the August 15th total of 534,500 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 456,400 shares, the days-to-cover ratio is presently 1.5 days.

TIM Trading Up 0.2 %

Shares of NYSE:TIMB traded up $0.04 during trading on Tuesday, reaching $16.94. The company had a trading volume of 514,723 shares, compared to its average volume of 451,146. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average price is $15.81 and its 200 day moving average price is $16.30. TIM has a fifty-two week low of $13.84 and a fifty-two week high of $19.14.

TIM (NYSE:TIMB) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter. TIM had a net margin of 12.53% and a return on equity of 11.47%. The company had revenue of $1.21 billion for the quarter. Analysts anticipate that TIM will post 1.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their target price on shares of TIM from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd.

Institutional Trading of TIM

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in TIM by 108.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after acquiring an additional 835 shares in the last quarter. CWM LLC increased its holdings in shares of TIM by 105.7% in the 2nd quarter. CWM LLC now owns 2,471 shares of the company’s stock valued at $35,000 after purchasing an additional 1,270 shares in the last quarter. DGS Capital Management LLC lifted its stake in shares of TIM by 4.6% in the first quarter. DGS Capital Management LLC now owns 29,620 shares of the company’s stock valued at $526,000 after purchasing an additional 1,297 shares during the period. Janiczek Wealth Management LLC boosted its holdings in TIM by 13.8% during the first quarter. Janiczek Wealth Management LLC now owns 21,742 shares of the company’s stock worth $386,000 after buying an additional 2,635 shares in the last quarter. Finally, XTX Topco Ltd boosted its holdings in TIM by 26.1% during the second quarter. XTX Topco Ltd now owns 13,264 shares of the company’s stock worth $190,000 after buying an additional 2,746 shares in the last quarter.

TIM Company Profile

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.