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

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 95,000 shares, an increase of 1,483.3% from the November 30th total of 6,000 shares. Based on an average daily volume of 382,000 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

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

Snam Stock Performance

SNMRY traded up $0.01 during trading on Friday, reaching $8.87. 1,007,700 shares of the stock traded hands, compared to its average volume of 97,526. The stock’s 50-day moving average is $9.20 and its 200 day moving average is $9.47. Snam has a 12 month low of $8.50 and a 12 month 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.