Snam S.p.A. (OTCMKTS:SNMRY) Shares Shorted: Short Interest Down 66.2% in October

Snam S.p.A. (OTCMKTS:SNMRY – Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 26,404 shares, a decrease of 66.2% from the September 30th total of 78,166 shares. Based on an average trading volume of 207,402 shares, the short-interest ratio is presently 0.1 days.

Snam Price Performance

SNMRY stock opened at $13.64 on Friday. Snam has a one year low of $12.27 and a one year high of $16.01. The company’s fifty day moving average price is $12.96 and its 200-day moving average price is $14.12.

Analyst Ratings Changes

Separately, UBS Group raised Snam from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on SNMRY

About Snam

(Get Free Report)

Snam S.p.A. is an Italian energy infrastructure company focused primarily on the transportation, storage and regasification of natural gas. Through its regulated infrastructure, the company helps connect domestic and international gas supplies with customers across Italy and supports the security and flexibility of the country’s energy system.

The company manages and develops gas transmission pipelines, underground storage facilities and liquefied natural gas regasification infrastructure.

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