Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Up 358.2% in April

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 51,214 shares, an increase of 358.2% from the April 15th total of 11,178 shares. Based on an average daily volume of 71,058 shares, the days-to-cover ratio is currently 0.7 days.

Snam Stock Down 0.1%

Shares of OTCMKTS:SNMRY opened at $15.17 on Wednesday. Snam has a 52-week low of $11.02 and a 52-week high of $16.01. The company has a 50 day moving average of $15.21 and a two-hundred day moving average of $14.08.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Snam to a “strong-buy” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Snam currently has a consensus rating of “Moderate Buy”.

Snam Company Profile

Snam S.p.A. is an Italian natural gas infrastructure company specializing in the transportation, storage and regasification of natural gas. Headquartered in San Donato Milanese, near Milan, Snam operates one of the largest gas pipeline networks in Europe, overseeing both high-pressure transmission lines and interconnection points that link the Italian system with broader continental markets. The company’s core business activities encompass the development, maintenance and operation of gas transport facilities, as well as the balancing and dispatching services that ensure a reliable energy supply.

Founded in 1941 as the gas transportation arm of ENI, Società Nazionale Metanodotti was reorganized under its current name and structure in 2001, when it became an independent concessionaire and a publicly listed entity on the Milan Stock Exchange.