Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Up 116.7% in September

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 14,300 shares, a growth of 116.7% from the September 15th total of 6,600 shares. Based on an average trading volume of 75,700 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

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

Snam Stock Up 0.2 %

Snam stock traded up $0.02 during mid-day trading on Friday, reaching $9.79. 33,194 shares of the company traded hands, compared to its average volume of 77,416. The firm’s 50 day moving average price is $9.86 and its 200 day moving average price is $9.51. Snam has a 52-week low of $8.76 and a 52-week high of $10.66.

Snam Company Profile

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.