Italgas S.p.A. (OTCMKTS:ITGGF) Sees Significant Increase in Short Interest

Italgas S.p.A. (OTCMKTS:ITGGF) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 3,960,100 shares, a growth of 9.7% from the October 15th total of 3,608,700 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is currently 7,920.2 days.

Italgas Price Performance

Shares of ITGGF opened at $5.72 on Monday. Italgas has a one year low of $5.05 and a one year high of $6.52. The business has a fifty day moving average of $5.92 and a 200 day moving average of $5.37.

About Italgas

Italgas S.p.A., together with its subsidiaries, engages in the distribution of natural gas in Italy. It is involved in the transportation of gas to households, enterprises, etc. The company operated a distribution network of 81,309 kilometers. It also engages in metering activities; and distributes and sells water.