Short interest in Telefonica SA (NYSE:TEF) increased during the last reporting period, rising from 7.76M to 7.92M. This put 0.14% of the company's publicly available shares short.

Short interest for Telefonica gives investors a sense of the degree to which investors are betting on the decline of Telefonica's stock. Short interest data is updated every two weeks.

Based on the recent average volume of 816.31K shares traded per day, it would take 9.7 day(s) for holders of this short interest to close out their positions without sending the stock sharply higher.