Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Up 116.7% in September

Snam S.p.A. (OTCMKTS:SNMRY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 14,300 shares, a growth of 116.7% from the September 15th total of 6,600 shares. Based on an average daily volume of 75,700 shares, the days-to-cover ratio is presently 0.2 days.

Snam Stock Up 0.2 %

Shares of OTCMKTS:SNMRY traded up $0.02 during midday trading on Friday, reaching $9.79. The company’s stock had a trading volume of 33,194 shares, compared to its average volume of 77,416. Snam has a twelve month low of $8.76 and a twelve month high of $10.66. The stock has a fifty day moving average of $9.86 and a 200 day moving average of $9.51.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Snam in a research note on Wednesday, October 2nd. They issued a “buy” rating on the stock.

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.