Tim S.A. (NYSE:TIMB) Short Interest Up 45.6% in March

Tim S.A. (NYSE:TIMB) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,140,000 shares, an increase of 45.6% from the February 28th total of 1,470,000 shares. Based on an average daily volume of 578,200 shares, the days-to-cover ratio is currently 3.7 days. Currently, 0.4% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TIMB. The Goldman Sachs Group dropped their target price on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Barclays increased their target price on TIM from $16.00 to $16.50 and gave the stock an “equal weight” rating in a report on Monday, March 17th. UBS Group lowered shares of TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, Scotiabank dropped their price objective on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TIMB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of TIM during the 3rd quarter worth $25,000. Global Retirement Partners LLC increased its holdings in TIM by 1,005.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock worth $29,000 after buying an additional 2,211 shares during the last quarter. R Squared Ltd bought a new stake in TIM in the fourth quarter worth about $53,000. Point72 Hong Kong Ltd purchased a new position in TIM in the fourth quarter valued at about $54,000. Finally, EntryPoint Capital LLC bought a new position in shares of TIM during the 4th quarter valued at approximately $146,000.

TIM Stock Up 1.1 %

NYSE:TIMB traded up $0.18 during trading hours on Tuesday, hitting $15.83. 367,182 shares of the company traded hands, compared to its average volume of 508,142. TIM has a one year low of $11.32 and a one year high of $18.78. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. The company has a market cap of $7.66 billion, a PE ratio of 13.42, a PEG ratio of 0.67 and a beta of 0.84. The firm’s 50-day simple moving average is $14.34 and its 200-day simple moving average is $14.17.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. Equities analysts predict that TIM will post 1.34 earnings per share for the current year.

TIM Increases Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, May 7th. Investors of record on Friday, April 4th will be given a dividend of $0.1394 per share. This represents a dividend yield of 6%. This is an increase from TIM’s previous — dividend of $0.12. The ex-dividend date of this dividend is Friday, April 4th. TIM’s dividend payout ratio (DPR) is presently 58.47%.

About TIM

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.