Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Update

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,044 shares, a decrease of 90.7% from the July 15th total of 11,209 shares. Based on an average daily trading volume, of 104,678 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets lowered Snam from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Snam has a consensus rating of “Moderate Buy”.

Snam Stock Performance

SNMRY stock remained flat at $13.24 during midday trading on Tuesday. 30,313 shares of the company’s stock were exchanged, compared to its average volume of 59,335. The stock’s 50-day moving average is $14.19 and its 200-day moving average is $14.62. Snam has a twelve month low of $11.64 and a twelve month high of $16.01.

About Snam

Snam S.p.A. is an Italian natural gas infrastructure company specializing in the transportation, storage and regasification of natural gas. Headquartered in San Donato Milanese, near Milan, Snam operates one of the largest gas pipeline networks in Europe, overseeing both high-pressure transmission lines and interconnection points that link the Italian system with broader continental markets. The company’s core business activities encompass the development, maintenance and operation of gas transport facilities, as well as the balancing and dispatching services that ensure a reliable energy supply.

Founded in 1941 as the gas transportation arm of ENI, Società Nazionale Metanodotti was reorganized under its current name and structure in 2001, when it became an independent concessionaire and a publicly listed entity on the Milan Stock Exchange.