TIM Participacoes S.A. American (NYSE:TSU) Short interest fell by -5.47% – Currently Trading Up


Short traders are feeling a little more bullish on shares of TIM Participacoes S.A. American as indicated by the change in short interest. The stock had a fall in short interest from August 15, 2017 to August 31, 2017 of -5.47%. Short interest fell from 1,043,611 to 986,544 over that timeframe. The days to cover decreased to 1.0 and the percentage of shorted shares was 0.00% on August 31.

Here are a few substantial investment firms who have updated their positions. Exane Asset Management downsized its holdings by shedding 493,581 shares a decrease of 27.7% from 03/31/2017 to 06/30/2017. Exane Asset Management claims 1,286,336 shares with a value of $19,037,773,000. The value of the position overall is up by 66,833.1%. Jane Street Group, LLC reduced its ownership by selling 2,678 shares a decrease of 10.7% in the quarter. Jane Street Group, LLC controls 22,275 shares valued at $330,000. The total value of its holdings decreased 17.3%.

Ubs Group Ag bolstered its position by buying 3,250 shares an increase of 351.4%. Ubs Group Ag owns 4,175 shares worth $62,000. The value of the position overall is up by 313.3%. As of quarter end Quadrant Capital Group LLC had acquired 48 shares growing its holdings by 47.5%. The value of the investment in TSU increased from $1,000 to $2,000 a change of $1,000 since the last quarter.

July 27 investment analysts at Barclays kept the company rating at “Overweight” but raised the price target to $18.50 from $15.00.

In the market the company is trading up by 1.01% percent from yesterday’s close. TIM Participacoes S.A. American also recently declared a dividend that was paid on Mon Jun 26, 2017. The dividend payment was $0.023 per share for the quarter or $0.09 annualized. This dividend represents a yield of $0.51. The ex-dividend date was set for Thursday the 20th of April 2017.

The stock is trading at $19.01 slightly over $17.90, the stock’s 50 day moving average and which is quite a bit higher than the 200 day moving average of $16.21. The 50 day moving average moved up $1.11 and the 200 day average was up $2.80.

The most current P/E ratio is 32.50 and market cap is 9.20B. As of the latest earnings report the EPS was $0.58 and is estimated to be $0.58 for the current year with 484,078,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.25 and the next full year EPS is projected to be $0.76.

TIM Participacoes S.A. (TIM), launched on May 22, 1998, 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 Business’s direct subsidiaries include TIM Celular S.A., which provides landline telephone services (commuted fixed telephonic service (STFC))-domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (multimedia service of communication (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)..