Short Interest in Poste Italiane S.p.A. (OTCMKTS:PITAF) Grows By 29.4%

Poste Italiane S.p.A. (OTCMKTS:PITAF) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 5,726,800 shares, a growth of 29.4% from the March 31st total of 4,424,800 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is presently 4,090.6 days.

Poste Italiane Price Performance

Shares of PITAF remained flat at $13.00 during mid-day trading on Monday. 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 $11.51 and a two-hundred day moving average price of $11.34.

About Poste Italiane

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.