Snam S.p.A. (OTCMKTS:SNMRY – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 22,500 shares, a growth of 57.3% from the September 30th total of 14,300 shares. Based on an average daily trading volume, of 53,400 shares, the short-interest ratio is presently 0.4 days.
Snam Trading Down 1.6 %
Shares of OTCMKTS:SNMRY traded down $0.15 during midday trading on Tuesday, reaching $9.63. The company had a trading volume of 23,226 shares, compared to its average volume of 76,166. The company has a fifty day simple moving average of $9.90 and a two-hundred day simple moving average of $9.54. Snam has a 1-year low of $8.76 and a 1-year high of $10.66.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Snam in a research note on Wednesday, October 2nd. They set a “buy” rating for the company.
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.
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