Snam S.p.A. (OTCMKTS:SNMRY – Get Free Report) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 7,000 shares, a decrease of 34.0% from the October 31st total of 10,600 shares. Based on an average daily trading volume, of 235,900 shares, the short-interest ratio is presently 0.0 days.
Snam Price Performance
SNMRY opened at $9.24 on Friday. The company’s 50 day simple moving average is $9.54 and its 200 day simple moving average is $9.54. Snam has a 1 year low of $8.67 and a 1 year high of $10.66.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Snam in a report 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.
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