Snam S.p.A. (OTCMKTS:SNMRY – Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 78,166 shares, a growth of 80.3% from the September 15th total of 43,360 shares. Based on an average daily volume of 191,763 shares, the days-to-cover ratio is currently 0.4 days.
Snam Price Performance
OTCMKTS SNMRY opened at $12.75 on Thursday. Snam has a 12-month low of $11.93 and a 12-month high of $16.01. The firm has a 50-day moving average price of $12.96 and a two-hundred day moving average price of $14.09.
Wall Street Analyst Weigh In
Separately, UBS Group upgraded shares of Snam from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy”.
About Snam
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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