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

Snam S.p.A. (OTCMKTS:SNMRY) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 3 shares, a drop of 100.0% from the May 31st total of 16,962 shares. Based on an average trading volume of 101,694 shares, the short-interest ratio is currently 0.0 days.

Snam Stock Performance

Snam stock traded up $0.10 during mid-day trading on Friday, reaching $14.39. 5,480 shares of the company’s stock were exchanged, compared to its average volume of 59,113. The business’s fifty day simple moving average is $14.93 and its 200 day simple moving average is $14.46. Snam has a one year low of $11.47 and a one year high of $16.01.

Analyst Ratings Changes

Separately, Kepler Capital Markets lowered shares of Snam from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About Snam

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.