Short Interest in Poste Italiane S.p.A. (OTCMKTS:PITAF) Increases By 27.5%

Poste Italiane S.p.A. (OTCMKTS:PITAF) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 4,424,800 shares, an increase of 27.5% from the March 15th total of 3,470,000 shares. Based on an average daily volume of 500 shares, the short-interest ratio is currently 8,849.6 days.

Poste Italiane Price Performance

Shares of PITAF remained flat at $13.00 during mid-day trading on Friday. Poste Italiane has a 12 month low of $9.80 and a 12 month high of $13.70. The firm has a 50-day moving average price of $10.84 and a two-hundred day moving average price of $11.19.

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; Payments and Mobile; Financial Services; and Insurance Services. The Mail, Parcels and Distribution segment offers mail and parcel services, as well as engages in the activities of the distribution network.