Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Update

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 12,300 shares, a decrease of 31.3% from the May 15th total of 17,900 shares. Based on an average daily trading volume, of 54,700 shares, the short-interest ratio is currently 0.2 days.

Snam Stock Up 2.2%

Shares of SNMRY opened at $12.30 on Thursday. The firm’s 50 day moving average price is $11.51 and its 200 day moving average price is $10.14. Snam has a twelve month low of $8.50 and a twelve month high of $12.31.

Snam Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 25th will be given a dividend of $0.2247 per share. This represents a yield of 2.95%. The ex-dividend date is Tuesday, June 24th. Snam’s payout ratio is presently 67.24%.

Analyst Ratings Changes

Several equities analysts recently weighed in on SNMRY shares. Citigroup lowered shares of Snam from a “hold” rating to a “strong sell” rating in a research report on Friday, April 11th. Barclays lowered shares of Snam from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 4th.

About Snam

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.