Snam S.p.A. (OTCMKTS:SNMRY – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 43,360 shares, a growth of 528.8% from the August 31st total of 6,896 shares. Based on an average trading volume of 182,900 shares, the days-to-cover ratio is presently 0.2 days.
Snam Price Performance
Shares of OTCMKTS:SNMRY opened at $12.71 on Friday. The firm has a fifty day moving average of $13.29 and a two-hundred day moving average of $14.30. Snam has a 12-month low of $11.71 and a 12-month high of $16.01.
Analyst Upgrades and Downgrades
Separately, UBS Group upgraded Snam from a “hold” rating to a “strong-buy” rating in a report 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 company’s stock. According to MarketBeat.com, Snam has an average rating of “Buy”.
About Snam
Snam S.p.A. is an Italian energy infrastructure company focused on the transportation, storage and regasification of natural gas. Through its infrastructure network and operating subsidiaries, the company manages gas transmission pipelines, underground storage facilities and liquefied natural gas regasification terminals, helping connect energy supplies with consumers and distribution networks.
Founded in 1941, Snam has historically been a major operator of Italy’s gas infrastructure and became an independent company following its separation from Eni.
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