TIM Participacoes S.A. (TSU): Price Target and June Short Interest Disclosure

TIM Participacoes S.A. (TSU) : 4 investment research analysts covering TIM Participacoes S.A. (TSU) have an average price target of $13.93 for the near short term. The highest target price given by the Brokerage Firm to the stock is $22 and the lowest target is $11 for the short term. Analysts expect the variance to be within $5.22 of the average price.

TIM Participacoes S.A. (TSU) has seen a rise of 925,120 shares or 17.4% in the short interest. The remaining shorts are 1.3% of the total floated shares. The net short interest, as on June 30,2016, stood at 6,244,227 shares and the stocks days to cover will be 6 by factoring in the average per day volume of 1,113,361 shares. On June 15,2016, 5,319,107 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


TIM Participacoes S.A. (NYSE:TSU): stock turned positive on Thursday. Though the stock opened at $11.67, the bulls momentum made the stock top out at $11.97 level for the day. The stock recorded a low of $11.515 and closed the trading day at $11.94, in the green by 3.65%. The total traded volume for the day was 2,127,953. The stock had closed at $11.52 in the previous days trading.

TIM Participacoes S.A. is a holding company. The Company provides mobile telecommunication services in Brazil. The Company, through its subsidiaries in various telecommunications markets, operates mobile, fixed and long distance telephony, data transmission and ultra-broadband services. The Companys wholly owned subsidiaries include TIM Celular S.A., which provides landline telephone services (STFC) – domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (SCM) in all Brazilian states and in the Federal District, and Intelig Telecomunicacoes Ltda., which provides STFC – local voices services and SCM services in all Brazilian states and in the Federal District (DF). The Company offers global system for mobile communications (GSM) telecommunications services, 3G and 4G technologies.

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