Snam S.p.A. (OTCMKTS:SNMRY – Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 26,404 shares, a decrease of 66.2% from the September 30th total of 78,166 shares. Based on an average daily volume of 207,402 shares, the days-to-cover ratio is presently 0.1 days.
Analysts Set New Price Targets
Separately, UBS Group upgraded Snam from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.
Get Our Latest Report on SNMRY
Snam Stock Performance
OTCMKTS:SNMRY opened at $13.73 on Thursday. The firm’s 50-day moving average is $12.95 and its 200-day moving average is $14.12. Snam has a 52-week low of $12.27 and a 52-week high of $16.01.
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.
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