Short Interest in OI S A/S (NYSE:OIBR.C) Drops By 11.9%

OI S A/S (NYSE:OIBR.C) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 2,220,000 shares, a drop of 11.9% from the September 30th total of 2,520,000 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 2,070,000 shares, the days-to-cover ratio is currently 1.1 days.

OI S A/S stock remained flat at $$1.15 during mid-day trading on Friday. The company’s stock had a trading volume of 403,481 shares, compared to its average volume of 123,171. The company has a fifty day moving average of $1.13 and a 200 day moving average of $1.57. OI S A/S has a fifty-two week low of $4.76 and a fifty-two week high of $9.71.

About OI S A/S

Oi SA, a switched fixed-line telephony services concessionaire, provides integrated telecommunication services in Brazil. The company offers fixed telephony services, including voice, data communication, and pay TV services; local and intraregional long-distance carrier services; domestic and international long-distance services; mobile telephony and corporate solutions; and installation, maintenance, and repair services, as well as value-added services and commercial data transmission services.

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