Short Interest in Telefónica, S.A. (OTCMKTS:TEFOF) Drops By 35.6%

Telefónica, S.A. (OTCMKTS:TEFOF) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 2,359,000 shares, a decline of 35.6% from the May 31st total of 3,661,400 shares. Based on an average daily volume of 217,600 shares, the days-to-cover ratio is presently 10.8 days.

Telefónica Stock Performance

OTCMKTS:TEFOF opened at $4.30 on Friday. The firm’s 50-day moving average is $4.49 and its 200-day moving average is $4.23. Telefónica has a 52-week low of $3.56 and a 52-week high of $5.05.

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.