Short Interest in Snam S.p.A. (OTCMKTS:SNMRY) Drops By 97.0%

Snam S.p.A. (OTCMKTS:SNMRY – Get Rating) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 2,000 shares, a drop of 97.0% from the April 15th total of 67,600 shares. Based on an average daily trading volume, of 100,400 shares, the days-to-cover ratio is currently 0.0 days.

OTCMKTS SNMRY opened at $10.93 on Thursday. Snam has a fifty-two week low of $10.23 and a fifty-two week high of $12.68. The stock has a 50 day simple moving average of $11.10 and a two-hundred day simple moving average of $11.26.

Snam Company Profile (Get Rating)

Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure in Italy. The company operates through Natural Gas Transportation, Liquefied Natural Gas (LNG) Regasification, and Natural Gas Storage segments. It provides natural gas transportation and dispatching services with approximately 32,700 kilometers of high-and medium-pressure gas pipelines; and owns and manages LNG regasification plants.

Further Reading