Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Down 52.9% in October

Snam S.p.A. (OTCMKTS:SNMRY) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 10,600 shares, a drop of 52.9% from the October 15th total of 22,500 shares. Based on an average trading volume of 97,200 shares, the short-interest ratio is currently 0.1 days.

Snam Stock Performance

Shares of SNMRY traded up $0.06 during mid-day trading on Friday, reaching $9.05. 164,659 shares of the company’s stock were exchanged, compared to its average volume of 77,907. The business’s fifty day simple moving average is $9.77 and its 200-day simple moving average is $9.56. Snam has a 52-week low of $8.67 and a 52-week high of $10.66.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Snam in a research report on Wednesday, October 2nd. They issued a “buy” rating for the company.

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.