Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Down 30.3% in March

Snam S.p.A. (OTCMKTS:SNMRY) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 11,500 shares, a drop of 30.3% from the March 15th total of 16,500 shares. Based on an average daily volume of 66,300 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered Snam from a “hold” rating to a “strong sell” rating in a report on Friday, April 11th.

Snam Trading Up 1.5 %

Shares of OTCMKTS:SNMRY opened at $11.08 on Friday. The business’s fifty day moving average price is $9.97 and its two-hundred day moving average price is $9.49. Snam has a fifty-two week low of $8.50 and a fifty-two week high of $11.08.

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.