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

Italgas S.p.A. (OTCMKTS:ITGGF) was the target of a large growth in short interest in 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 trading volume of 3,700 shares, the short-interest ratio is currently 2,690.9 days.

Italgas Price Performance

OTCMKTS:ITGGF remained flat at $6.73 during mid-day trading on Tuesday. The business has a 50 day moving average of $6.29 and a 200-day moving average of $6.01. Italgas has a 52 week low of $5.05 and a 52 week high of $6.92.

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.