Short Interest Alert: Is Telefonica Brasil SA (NYSE:VIV)’s Fuel Running High? Reports Show Less Sellers

November 17, 2016 - By Richard Conner   ·   0 Comments

Short Interest Alert: Is Telefonica Brasil SA (NYSE:VIV)’s Fuel Running High? Reports Show Less Sellers

The stock of Telefonica Brasil SA (NYSE:VIV) registered a decrease of 3.14% in short interest. VIV’s total short interest was 9.09M shares in November as published by FINRA. Its down 3.14% from 9.39M shares, reported previously. With 1.83M shares average volume, it will take short sellers 5 days to cover their VIV’s short positions. The short interest to Telefonica Brasil SA’s float is 2.05%. About 276,239 shares traded hands. Telefonica Brasil SA (ADR) (NYSE:VIV) has risen 4.87% since April 15, 2016 and is uptrending. It has outperformed by 0.25% the S&P500.

Telefonica Brasil S.A. is a mobile telecommunications firm in Brazil offering postpaid mobile services. The company has a market cap of $20.73 billion. The Firm also operates as a fixed telecommunications firm in the state of Sao Paulo. It has a 19.32 P/E ratio. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband , Pay television, information technology and digital services (such as e-health, cloud and financial services).

Telefonica Brasil SA (ADR) (NYSE:VIV) Ratings Coverage

Out of 3 analysts covering Telefonica Brasil S.A (NYSE:VIV), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Telefonica Brasil S.A has been the topic of 6 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The firm has “Equal Weight” rating given on Wednesday, July 6 by Morgan Stanley. Morgan Stanley upgraded the stock to “Overweight” rating in Monday, August 31 report. Barclays Capital maintained it with “Overweight” rating and $13 target price in Tuesday, October 6 report.

VIV Company Profile

Telefonica Brasil S.A., incorporated on May 22, 1998, is a mobile telecommunications firm in Brazil offering postpaid mobile services. The Firm also operates as a fixed telecommunications firm in the state of Sao Paulo. The Firm markets its mobile services under its, Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband (UBB) (based on its Fiber to the Home infrastructure (FTTH)), Pay television (Pay TV), information technology and digital services (such as e-health, cloud and financial services). The Company’s activities consist of local and long distance fixed telephone services; mobile services, including value-added services; data services, including broadband services and mobile data services; Pay television services through direct to home (DTH) (a satellite technology), Internet protocol television (IPTV) and cable; network services, including rental of facilities, as well as other services; wholesale services, including interconnection; digital services; services designed specifically for corporate customers, and the sale of wireless devices and accessories. In addition, it sells handsets and accessories at its physical stores, to clients who purchase its digital services. It sells Global System for Mobile Communications (GSM) and Wideband Code Division Multiple Access (WCDMA) devices, such as handsets, smartphones, broadband universal serial bus (USB) modems and devices that are certified to be compatible with the Company’s network and service.

Another recent and important Telefonica Brasil SA (ADR) (NYSE:VIV) news was published by Marketwatch.com which published an article titled: “Telefonica Brasil SA ADR” on September 01, 2009.

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By Richard Conner


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