Short Interest in Snam S.p.A. (OTCMKTS:SNMRY) Declines By 30.3%

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 11,500 shares, a decrease of 30.3% from the March 15th total of 16,500 shares. Based on an average trading volume of 66,300 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

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

Snam Stock Up 1.5 %

Shares of SNMRY traded up $0.17 during mid-day trading on Friday, reaching $11.08. The company had a trading volume of 41,289 shares, compared to its average volume of 100,601. The stock has a 50 day moving average of $9.97 and a two-hundred day moving average of $9.49. Snam has a 52-week low of $8.50 and a 52-week high of $11.08.

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.