Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Up 1,483.3% in December

Snam S.p.A. (OTCMKTS:SNMRY) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 95,000 shares, a growth of 1,483.3% from the November 30th total of 6,000 shares. Based on an average trading volume of 382,000 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft started coverage on Snam in a report on Wednesday, October 2nd. They set a “buy” rating for the company.

Snam Price Performance

OTCMKTS SNMRY traded up $0.11 during trading hours on Thursday, hitting $8.86. The company had a trading volume of 237,864 shares, compared to its average volume of 93,871. Snam has a fifty-two week low of $8.50 and a fifty-two week high of $10.66. The business has a fifty day simple moving average of $9.22 and a 200-day simple moving average of $9.47.

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.