Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Up 87.6% in December

Snam S.p.A. (OTCMKTS:SNMRY) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 178,200 shares, an increase of 87.6% from the December 15th total of 95,000 shares. Based on an average trading volume of 780,100 shares, the short-interest ratio is currently 0.2 days.

Snam Stock Performance

SNMRY stock traded up $0.06 during mid-day trading on Thursday, hitting $8.95. The company had a trading volume of 84,588 shares, compared to its average volume of 234,870. Snam has a 12 month low of $8.50 and a 12 month high of $10.66. The stock’s fifty day moving average price is $8.99 and its two-hundred day moving average price is $9.43.

Snam Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be given a $0.238 dividend. This is a positive change from Snam’s previous dividend of $0.16. The ex-dividend date of this dividend is Thursday, January 23rd. Snam’s payout ratio is currently 44.32%.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Snam in a research report on Wednesday, October 2nd. They issued a “buy” rating on the stock.

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.