Snam S.p.A. (OTCMKTS:SNMRY) Sees Significant Growth in Short Interest

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 95,000 shares, an increase of 1,483.3% from the November 30th total of 6,000 shares. Based on an average daily trading volume, of 382,000 shares, the days-to-cover ratio is currently 0.2 days.

Snam Stock Performance

Shares of SNMRY stock traded up $0.01 during mid-day trading on Friday, reaching $8.87. 1,007,700 shares of the stock traded hands, compared to its average volume of 97,526. The stock’s fifty day simple moving average is $9.20 and its two-hundred day simple moving average is $9.47. Snam has a 1-year low of $8.50 and a 1-year high of $10.66.

Analyst Upgrades and Downgrades

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

About Snam

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.