Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Down 91.2% in February

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 8,800 shares, a drop of 91.2% from the January 31st total of 100,000 shares. Based on an average daily volume of 86,500 shares, the short-interest ratio is currently 0.1 days.

Snam Trading Up 0.3 %

SNMRY stock traded up $0.03 during midday trading on Friday, reaching $9.54. 31,501 shares of the company’s stock traded hands, compared to its average volume of 155,228. The company has a 50-day simple moving average of $9.13 and a two-hundred day simple moving average of $9.42. Snam has a 1-year low of $8.50 and a 1-year high of $10.24.

Snam Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were issued a dividend of $0.238 per share. This is a boost from Snam’s previous dividend of $0.16. The ex-dividend date of this dividend was Thursday, January 23rd. Snam’s dividend payout ratio (DPR) is currently 39.73%.

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.