Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Up 116.7% in September

Snam S.p.A. (OTCMKTS:SNMRY) 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.

Snam Stock Up 0.2 %

Shares of SNMRY traded up $0.02 during mid-day trading on Friday, hitting $9.79. 33,194 shares of the stock were exchanged, compared to its average volume of 77,416. The firm has a 50-day moving average of $9.86 and a two-hundred day moving average of $9.51. Snam has a 52-week low of $8.76 and a 52-week high of $10.66.

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.