Short Interest in Snam S.p.A. (OTCMKTS:SNMRY) Declines By 74.9%
by Doug Wharley · The Cerbat GemSnam S.p.A. (OTCMKTS:SNMRY – Get Free Report) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 12,838 shares, a decline of 74.9% from the April 30th total of 51,214 shares. Based on an average trading volume of 127,897 shares, the days-to-cover ratio is currently 0.1 days.
Analyst Upgrades and Downgrades
SNMRY has been the topic of several research analyst reports. The Goldman Sachs Group raised Snam to a “strong-buy” rating in a research note on Tuesday, February 17th. Kepler Capital Markets cut Snam from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Snam presently has an average rating of “Hold”.
View Our Latest Analysis on SNMRY
Snam Trading Down 0.3%
Shares of OTCMKTS SNMRY traded down $0.04 during trading hours on Friday, hitting $14.48. The stock had a trading volume of 33,013 shares, compared to its average volume of 60,775. The firm’s 50-day moving average price is $15.14 and its two-hundred day moving average price is $14.26. Snam has a 52 week low of $11.47 and a 52 week 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.