Tim S.A. (NYSE:TIMB) Short Interest Update

Tim S.A. (NYSE:TIMB) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 2,180,000 shares, a growth of 173.1% from the December 31st total of 798,300 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 532,600 shares, the short-interest ratio is presently 4.1 days.

TIM Price Performance

Shares of TIMB stock traded up $0.03 during trading hours on Wednesday, hitting $13.22. The company had a trading volume of 401,407 shares, compared to its average volume of 539,323. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 0.58 and a beta of 0.83. TIM has a 12 month low of $11.32 and a 12 month high of $19.14. The firm’s fifty day moving average is $12.55 and its 200 day moving average is $14.55. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97.

TIM (NYSE:TIMB) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). The business had revenue of $1.16 billion for the quarter. TIM had a return on equity of 11.73% and a net margin of 12.71%. On average, sell-side analysts predict that TIM will post 1.16 EPS for the current fiscal year.

TIM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, December 30th will be given a dividend of $0.1723 per share. The ex-dividend date is Monday, December 30th. This is a positive change from TIM’s previous quarterly dividend of $0.09. This represents a $0.69 dividend on an annualized basis and a yield of 5.21%. TIM’s dividend payout ratio is 54.76%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TIMB shares. The Goldman Sachs Group decreased their target price on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Scotiabank cut their price objective on TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research report on Tuesday, November 5th. Finally, Barclays lowered their price target on TIM from $17.50 to $15.50 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in TIM by 13.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,198 shares of the company’s stock worth $1,555,000 after buying an additional 16,000 shares in the last quarter. R Squared Ltd bought a new stake in shares of TIM in the 4th quarter valued at $53,000. Blue Trust Inc. increased its position in shares of TIM by 34.1% in the 4th quarter. Blue Trust Inc. now owns 19,172 shares of the company’s stock valued at $225,000 after buying an additional 4,880 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of TIM by 8.0% in the 4th quarter. Ritholtz Wealth Management now owns 67,724 shares of the company’s stock valued at $796,000 after buying an additional 4,997 shares in the last quarter. Finally, Aprio Wealth Management LLC bought a new stake in shares of TIM in the 4th quarter valued at $194,000.

About TIM

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.