Snam S.p.A. (OTCMKTS:SNMRY – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 14,300 shares, an increase of 116.7% from the September 15th total of 6,600 shares. Based on an average trading volume of 75,700 shares, the days-to-cover ratio is currently 0.2 days.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Snam in a research report on Wednesday, October 2nd. They set a “buy” rating for the company.
Read Our Latest Analysis on Snam
Snam Stock Up 0.2 %
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.
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