Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Up 358.2% in April

Snam S.p.A. (OTCMKTS:SNMRY) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 51,214 shares, an increase of 358.2% from the April 15th total of 11,178 shares. Based on an average daily volume of 71,058 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Snam to a “strong-buy” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Snam Trading Down 0.1%

Shares of SNMRY stock opened at $15.17 on Wednesday. Snam has a 1-year low of $11.02 and a 1-year high of $16.01. The firm’s 50-day simple moving average is $15.21 and its 200-day simple moving average is $14.08.

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.