Snam S.p.A. (OTCMKTS:SNMRF) Sees Significant Decline in Short Interest

Snam S.p.A. (OTCMKTS:SNMRF) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 23,968,300 shares, a decline of 21.0% from the August 31st total of 30,342,300 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 239,683.0 days.

Snam Stock Performance

SNMRF remained flat at $4.96 on Friday. Snam has a 12 month low of $4.45 and a 12 month high of $5.27. The company has a 50 day simple moving average of $4.81 and a two-hundred day simple moving average of $4.70.

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.