Short Interest in Snam S.p.A. (OTCMKTS:SNMRY) Drops By 91.2%

Snam S.p.A. (OTCMKTS:SNMRY) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 8,800 shares, a decline of 91.2% from the January 31st total of 100,000 shares. Based on an average trading volume of 86,500 shares, the days-to-cover ratio is currently 0.1 days.

Snam Stock Down 1.5 %

OTCMKTS:SNMRY traded down $0.15 during trading hours on Thursday, reaching $9.51. 40,762 shares of the company’s stock were exchanged, compared to its average volume of 158,486. The company has a 50-day moving average of $9.10 and a 200 day moving average of $9.42. Snam has a 1-year low of $8.50 and a 1-year high of $10.24.

Snam Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.238 per share. The ex-dividend date of this dividend was Thursday, January 23rd. This is an increase from Snam’s previous dividend of $0.16. Snam’s dividend payout ratio is currently 39.73%.

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.