Short Interest in Italgas S.p.A. (OTCMKTS:ITGGF) Rises By 42.5%

Italgas S.p.A. (OTCMKTS:ITGGF) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 9,956,400 shares, an increase of 42.5% from the February 28th total of 6,985,700 shares. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is presently 2,690.9 days.

Italgas Stock Performance

Shares of ITGGF stock remained flat at $6.73 during mid-day trading on Friday. 50 shares of the company’s stock were exchanged, compared to its average volume of 1,985. The company has a 50-day moving average price of $6.27 and a 200-day moving average price of $5.99. Italgas has a 12-month low of $5.05 and a 12-month high of $6.92.

About Italgas

Italgas S.p.A., together with its subsidiaries, engages in the distribution of natural gas in Italy. It is involved in the transportation of gas to households, enterprises, etc. The company operated a distribution network of 81,309 kilometers. It also engages in metering activities; and distributes and sells water.