Short Interest in Snam S.p.A. (OTCMKTS:SNMRY) Decreases By 48.4%

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 11,209 shares, a drop of 48.4% from the June 30th total of 21,739 shares. Based on an average daily trading volume, of 110,217 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets cut Snam from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Snam Trading Up 0.1%

SNMRY traded up $0.02 during trading on Thursday, reaching $13.78. The company had a trading volume of 46,270 shares, compared to its average volume of 59,144. The firm’s 50-day simple moving average is $14.38 and its 200 day simple moving average is $14.62. Snam has a 12-month low of $11.52 and a 12-month high of $16.01.

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.