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

Snam S.p.A. (OTCMKTS:SNMRY – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 21,739 shares, a growth of 724,533.3% from the June 15th total of 3 shares. Based on an average daily trading volume, of 118,128 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

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Snam Stock Performance

Shares of OTCMKTS:SNMRY remained flat at $14.01 during midday trading on Friday. The company had a trading volume of 27,375 shares, compared to its average volume of 59,438. Snam has a twelve month low of $11.47 and a twelve month high of $16.01. The stock’s 50-day moving average is $14.65 and its two-hundred day moving average is $14.55.

Snam Company Profile

(Get Free Report)

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.

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