Short Interest in Snam S.p.A. (OTCMKTS:SNMRF) Grows By 24.0%

Snam S.p.A. (OTCMKTS:SNMRF) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 34,905,200 shares, an increase of 24.0% from the May 31st total of 28,138,900 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 116,350.7 days.

Snam Price Performance

SNMRF remained flat at $4.53 during midday trading on Friday. 4 shares of the company’s stock were exchanged, compared to its average volume of 4,762. Snam has a 1 year low of $4.45 and a 1 year high of $5.09. The company’s 50 day moving average is $4.64 and its 200-day moving average is $4.73.

Snam Company Profile

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.