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

Poste Italiane S.p.A. (OTCMKTS:PITAF) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 6,111,400 shares, an increase of 16.7% from the February 13th total of 5,235,500 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 61,114.0 days.

Poste Italiane Stock Performance

Shares of OTCMKTS:PITAF remained flat at $17.81 during trading on Wednesday. The company’s 50-day moving average is $14.67 and its two-hundred day moving average is $14.09. Poste Italiane has a 52-week low of $13.45 and a 52-week high of $17.81.

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.