Short Interest in Italgas S.p.A. (OTCMKTS:ITGGF) Increases By 42.5%

Italgas S.p.A. (OTCMKTS:ITGGF) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 9,956,400 shares, a growth of 42.5% from the February 28th total of 6,985,700 shares. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is currently 2,690.9 days.

Italgas Stock Performance

Shares of OTCMKTS ITGGF remained flat at $6.73 during trading hours on Monday. 50 shares of the company traded hands, compared to its average volume of 1,985. Italgas has a fifty-two week low of $5.05 and a fifty-two week high of $6.92. The business’s 50 day moving average is $6.27 and its 200 day moving average is $6.00.

About Italgas

Italgas S.p.A., together with its subsidiaries, engages in the distribution of natural gas in Italy. It is involved in the transportation of gas to households, enterprises, etc. The company operated a distribution network of 81,309 kilometers. It also engages in metering activities; and distributes and sells water.