Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Update

Snam S.p.A. (OTCMKTS:SNMRY) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,044 shares, a drop of 90.7% from the July 15th total of 11,209 shares. Based on an average trading volume of 104,678 shares, the days-to-cover ratio is currently 0.0 days.

Snam Stock Performance

OTCMKTS SNMRY remained flat at $13.24 on Tuesday. 30,313 shares of the company’s stock were exchanged, compared to its average volume of 59,335. Snam has a one year low of $11.64 and a one year high of $16.01. The stock’s 50 day moving average is $14.19 and its 200 day moving average is $14.62.

Analyst Ratings Changes

Separately, Kepler Capital Markets cut Snam from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Snam has a consensus rating of “Moderate Buy”.

Snam Company Profile

Snam S.p.A. is an Italian natural gas infrastructure company specializing in the transportation, storage and regasification of natural gas. Headquartered in San Donato Milanese, near Milan, Snam operates one of the largest gas pipeline networks in Europe, overseeing both high-pressure transmission lines and interconnection points that link the Italian system with broader continental markets. The company’s core business activities encompass the development, maintenance and operation of gas transport facilities, as well as the balancing and dispatching services that ensure a reliable energy supply.

Founded in 1941 as the gas transportation arm of ENI, Società Nazionale Metanodotti was reorganized under its current name and structure in 2001, when it became an independent concessionaire and a publicly listed entity on the Milan Stock Exchange.