Snam S.p.A. (OTCMKTS:SNMRY – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 26,404 shares, a drop of 66.2% from the September 30th total of 78,166 shares. Based on an average trading volume of 207,402 shares, the short-interest ratio is presently 0.1 days.
Snam Stock Performance
OTCMKTS SNMRY opened at $13.73 on Thursday. The stock’s 50 day simple moving average is $12.95 and its 200 day simple moving average is $14.12. Snam has a one year low of $12.27 and a one year high of $16.01.
Analyst Upgrades and Downgrades
Separately, UBS Group upgraded shares of Snam from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.
View Our Latest Analysis on Snam
Snam Company Profile
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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