Short Interest in Snam S.p.A. (OTCMKTS:SNMRY) Declines By 36.5%

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 7,300 shares, a drop of 36.5% from the March 31st total of 11,500 shares. Based on an average daily volume of 86,500 shares, the days-to-cover ratio is presently 0.1 days.

Snam Price Performance

Shares of SNMRY opened at $11.27 on Tuesday. The firm has a 50-day moving average of $10.20 and a 200-day moving average of $9.54. Snam has a one year low of $8.50 and a one year high of $11.32.

Analyst Upgrades and Downgrades

Separately, Citigroup cut Snam from a “hold” rating to a “strong sell” rating in a research note on Friday, April 11th.

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.