Short Interest in Snam S.p.A. (OTCMKTS:SNMRY) Increases By 388.4%

Snam S.p.A. (OTCMKTS:SNMRY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 33,700 shares, a growth of 388.4% from the August 31st total of 6,900 shares. Based on an average trading volume of 38,000 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 38,000 shares, the days-to-cover ratio is currently 0.9 days.

Snam Stock Performance

Shares of OTCMKTS:SNMRY opened at $11.91 on Thursday. Snam has a 52-week low of $8.50 and a 52-week high of $12.41. The stock’s fifty day simple moving average is $11.94 and its 200-day simple moving average is $11.53.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank Of Canada downgraded Snam from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Barclays lowered shares of Snam from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 4th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

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.