Snam S.p.A. (OTCMKTS:SNMRY) Sees Large Growth in Short Interest

Snam S.p.A. (OTCMKTS:SNMRY) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 16,500 shares, an increase of 8,150.0% from the February 28th total of 200 shares. Based on an average daily trading volume, of 63,600 shares, the days-to-cover ratio is currently 0.3 days.

Snam Price Performance

Snam stock opened at $9.99 on Thursday. Snam has a fifty-two week low of $8.50 and a fifty-two week high of $10.24. The firm’s 50 day simple moving average is $9.52 and its 200-day simple moving average is $9.44.

Snam Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.238 per share. This is an increase from Snam’s previous dividend of $0.16. The ex-dividend date of this dividend was Thursday, January 23rd. Snam’s payout ratio is 39.73%.

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.