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

Snam S.p.A. (OTCMKTS:SNMRY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 16,500 shares, a growth of 8,150.0% from the February 28th total of 200 shares. Based on an average daily volume of 63,600 shares, the days-to-cover ratio is currently 0.3 days.

Snam Price Performance

SNMRY stock opened at $9.99 on Thursday. Snam has a 12 month low of $8.50 and a 12 month high of $10.24. The firm has a 50 day simple moving average of $9.52 and a 200 day simple moving average of $9.44.

Snam Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.238 per share. The ex-dividend date was Thursday, January 23rd. This is a positive change from Snam’s previous dividend of $0.16. Snam’s dividend payout ratio (DPR) is currently 39.73%.

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.