Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Down 90.7% in July

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,044 shares, a decrease of 90.7% from the July 15th total of 11,209 shares. Based on an average trading volume of 104,678 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets lowered shares of Snam from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Snam Price Performance

Snam stock opened at $13.24 on Wednesday. The stock’s 50 day moving average is $14.17 and its 200 day moving average is $14.62. Snam has a one year low of $11.64 and a one year high of $16.01.

About Snam

Snam S.p.A. is an Italian natural gas infrastructure company specializing in the transportation, storage and regasification of natural gas. Headquartered in San Donato Milanese, near Milan, Snam operates one of the largest gas pipeline networks in Europe, overseeing both high-pressure transmission lines and interconnection points that link the Italian system with broader continental markets. The company’s core business activities encompass the development, maintenance and operation of gas transport facilities, as well as the balancing and dispatching services that ensure a reliable energy supply.

Founded in 1941 as the gas transportation arm of ENI, Società Nazionale Metanodotti was reorganized under its current name and structure in 2001, when it became an independent concessionaire and a publicly listed entity on the Milan Stock Exchange.