Poste Italiane S.p.A. (OTCMKTS:PITAF) Sees Significant Increase in Short Interest

Poste Italiane S.p.A. (OTCMKTS:PITAF) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 4,823,100 shares, a growth of 20.8% from the September 30th total of 3,993,200 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is presently 16,077.0 days.

Poste Italiane Stock Performance

Shares of Poste Italiane stock remained flat at $13.45 during trading hours on Wednesday. The business’s 50-day simple moving average is $13.47 and its 200 day simple moving average is $13.43. Poste Italiane has a fifty-two week low of $13.45 and a fifty-two week high of $13.45.

Poste Italiane Company Profile

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.