Snam S.p.A. (OTCMKTS:SNMRY – Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 78,166 shares, a growth of 80.3% from the September 15th total of 43,360 shares. Based on an average trading volume of 191,763 shares, the short-interest ratio is presently 0.4 days.
Wall Street Analysts Forecast Growth
Separately, UBS Group upgraded Snam from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.
Read Our Latest Report on Snam
Snam Stock Down 0.1%
About Snam
Snam S.p.A. is an Italian energy infrastructure company focused primarily on the transportation, storage and regasification of natural gas. Through its regulated infrastructure, the company helps connect domestic and international gas supplies with customers across Italy and supports the security and flexibility of the country’s energy system.
The company manages and develops gas transmission pipelines, underground storage facilities and liquefied natural gas regasification infrastructure.
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