Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Update

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 14,300 shares, an increase of 116.7% from the September 15th total of 6,600 shares. Based on an average daily trading volume, of 75,700 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft started coverage on Snam in a research note on Wednesday, October 2nd. They set a “buy” rating for the company.

Snam Stock Performance

Shares of OTCMKTS:SNMRY traded up $0.02 during midday trading on Friday, hitting $9.79. 33,194 shares of the stock traded hands, compared to its average volume of 77,416. The business’s 50 day moving average is $9.86 and its two-hundred day moving average is $9.51. Snam has a one year low of $8.76 and a one year high of $10.66.

About Snam

Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure. The company operates through Transportation, Storage, Regasification, Energy Transition, and other segments. It provides natural gas transportation and dispatching services; and owns and manages liquified natural gas (LNG) regasification plants.