Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Up 8,150.0% in March

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 16,500 shares, a growth of 8,150.0% from the February 28th total of 200 shares. Based on an average daily volume of 63,600 shares, the days-to-cover ratio is currently 0.3 days.

Snam Trading Down 0.1 %

SNMRY traded down $0.01 during trading on Wednesday, reaching $9.99. 19,105 shares of the company traded hands, compared to its average volume of 117,344. Snam has a 12-month low of $8.50 and a 12-month high of $10.24. The firm has a fifty day simple moving average of $9.50 and a 200 day simple moving average of $9.43.

Snam Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.238 per share. The ex-dividend date of this dividend was Thursday, January 23rd. This is an increase from Snam’s previous dividend of $0.16. Snam’s dividend payout ratio is 39.73%.

Snam Company Profile

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.