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

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

Snam Trading Down 0.1 %

SNMRY stock traded down $0.01 during trading on Wednesday, hitting $9.99. The company had a trading volume of 19,105 shares, compared to its average volume of 117,344. Snam has a 52-week low of $8.50 and a 52-week high of $10.24. The company has a 50 day simple moving average of $9.50 and a 200-day simple moving average of $9.43.

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 given 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 39.73%.

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.