Snam S.p.A. (OTCMKTS:SNMRY – Get Free Report) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 10,600 shares, a decrease of 52.9% from the October 15th total of 22,500 shares. Based on an average daily volume of 97,200 shares, the short-interest ratio is presently 0.1 days.
Snam Stock Performance
Shares of Snam stock traded up $0.06 during trading hours on Friday, hitting $9.05. The company’s stock had a trading volume of 164,659 shares, compared to its average volume of 77,907. The firm has a fifty day moving average of $9.77 and a 200-day moving average of $9.56. Snam has a twelve month low of $8.67 and a twelve month high of $10.66.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft assumed coverage on Snam in a research note on Wednesday, October 2nd. They issued a “buy” rating for the company.
About Snam
Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure. The company operates through Transportation, Storage, Regasification, Energy Transition, and other segments. It provides natural gas transportation and dispatching services; and owns and manages liquified natural gas (LNG) regasification plants.
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