Short Interest in Snam S.p.A. (OTCMKTS:SNMRF) Grows By 24.5%

Snam S.p.A. (OTCMKTS:SNMRF) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 26,707,300 shares, a growth of 24.5% from the October 31st total of 21,450,600 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 66,768.3 days.

Snam Trading Up 9.9 %

Shares of OTCMKTS:SNMRF opened at $4.79 on Monday. The firm’s 50 day simple moving average is $4.80 and its 200 day simple moving average is $4.74. Snam has a fifty-two week low of $4.36 and a fifty-two week high of $5.27.

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.