After Reaching Milestone, Is Telefonica Brasil S.A. Ads (NYSE:VIV)’s Short Interest Revealing Something?

April 16, 2018 - By Dolores Ford

The stock of Telefonica Brasil S.A. Ads (NYSE:VIV) registered an increase of 8.77% in short interest. VIV’s total short interest was 6.55M shares in April as published by FINRA. Its up 8.77% from 6.02 million shares, reported previously. With 1.50 million shares average volume, it will take short sellers 4 days to cover their VIV’s short positions. The short interest to Telefonica Brasil S.A. Ads’s float is 0.84%.

The stock decreased 0.14% or $0.02 during the last trading session, reaching $14.12. About 548,638 shares traded. Telefônica Brasil S.A. (NYSE:VIV) has risen 2.27% since April 16, 2017 and is uptrending. It has underperformed by 9.28% the S&P500.

Telefônica Brasil S.A. provides mobile and fixed line telecommunications services to residential and corporate clients in Brazil. The company has market cap of $24.00 billion. The Company’s fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband Internet access through 3G and 4G, as well as mobile value-added services and wireless roaming services. It has a 17.01 P/E ratio. The firm also offers data services, including broadband and mobile data services.

Telefônica Brasil S.A. (NYSE:VIV) Ratings Coverage

Among 5 analysts covering Telefonica Brasil (NYSE:VIV), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Telefonica Brasil had 8 analyst reports since October 26, 2017 according to SRatingsIntel. The stock of Telefônica Brasil S.A. (NYSE:VIV) earned “Hold” rating by Goldman Sachs on Tuesday, April 3. J.P. Morgan downgraded Telefônica Brasil S.A. (NYSE:VIV) on Thursday, April 12 to “Hold” rating. The stock of Telefônica Brasil S.A. (NYSE:VIV) has “Hold” rating given on Friday, March 23 by RBC Capital Markets. The rating was downgraded by Credit Suisse to “Hold” on Friday, January 19.