Snam S.p.A. (OTCMKTS:SNMRY) Sees Large Growth in Short Interest

Snam S.p.A. (OTCMKTS:SNMRY) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 17,900 shares, an increase of 5,866.7% from the April 30th total of 300 shares. Based on an average daily volume of 70,000 shares, the days-to-cover ratio is presently 0.3 days.

Snam Stock Down 0.5%

OTCMKTS:SNMRY traded down $0.06 on Wednesday, reaching $11.86. 25,273 shares of the stock traded hands, compared to its average volume of 82,622. Snam has a 12 month low of $8.50 and a 12 month high of $12.01. The company’s fifty day simple moving average is $10.93 and its 200 day simple moving average is $9.82.

Analyst Ratings Changes

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

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.