Snam S.p.A. (OTCMKTS:SNMRY) Stock Short Interest Report for September

Snam S.p.A. (OTCMKTS:SNMRY) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 78,166 shares, an increase of 80.3% from the September 15th total of 43,360 shares. Based on an average daily volume of 191,763 shares, the short-interest ratio is currently 0.4 days.

Snam Price Performance

Shares of OTCMKTS SNMRY opened at $12.94 on Friday. Snam has a twelve month low of $12.11 and a twelve month high of $16.01. The firm has a 50-day moving average of $12.95 and a two-hundred day moving average of $14.08.

Analysts Set New Price Targets

Separately, UBS Group raised Snam from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

About Snam

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.