Short Interest in Snam S.p.A. (OTCMKTS:SNMRY) Rises By 57.3%

Snam S.p.A. (OTCMKTS:SNMRY) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 22,500 shares, a growth of 57.3% from the September 30th total of 14,300 shares. Based on an average daily trading volume, of 53,400 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

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

Snam Price Performance

Shares of Snam stock traded down $0.02 on Friday, reaching $9.64. 17,178 shares of the company’s stock were exchanged, compared to its average volume of 76,518. Snam has a 52 week low of $8.76 and a 52 week high of $10.66. The firm’s 50-day moving average is $9.90 and its two-hundred day moving average is $9.53.

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.