Snam S.p.A. (OTCMKTS:SNMRF) Sees Significant Drop in Short Interest

Snam S.p.A. (OTCMKTS:SNMRF) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 19,266,400 shares, a decline of 27.9% from the November 15th total of 26,707,300 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Snam Price Performance

Shares of SNMRF stock remained flat at $4.79 during trading hours on Friday. The business’s 50-day moving average price is $4.76 and its 200 day moving average price is $4.75. Snam has a 52 week low of $4.36 and a 52 week high of $5.27.

Snam Company Profile

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.