Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Down 91.2% in February

Snam S.p.A. (OTCMKTS:SNMRY) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 8,800 shares, a drop of 91.2% from the January 31st total of 100,000 shares. Based on an average daily volume of 86,500 shares, the short-interest ratio is currently 0.1 days.

Snam Stock Performance

SNMRY stock traded up $0.03 during midday trading on Friday, hitting $9.54. 31,501 shares of the company’s stock were exchanged, compared to its average volume of 155,228. The stock’s fifty day moving average price is $9.13 and its 200-day moving average price is $9.42. Snam has a one year low of $8.50 and a one year high of $10.24.

Snam Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.238 per share. The ex-dividend date was Thursday, January 23rd. This is a positive change from Snam’s previous dividend of $0.16. Snam’s payout ratio is currently 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.