Poste Italiane S.p.A. (OTCMKTS:PITAF) Short Interest Down 24.7% in March

Poste Italiane S.p.A. (OTCMKTS:PITAF) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 3,339,700 shares, a drop of 24.7% from the March 15th total of 4,434,500 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 16,698.5 days.

Poste Italiane Stock Performance

PITAF remained flat at $17.81 during trading on Friday. 7 shares of the company’s stock traded hands, compared to its average volume of 675. Poste Italiane has a 1 year low of $13.45 and a 1 year high of $17.81. The firm’s fifty day moving average price is $16.31 and its 200 day moving average price is $14.84.

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.