Snam S.p.A. (OTCMKTS:SNMRY) Short Interest Update

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

Snam Trading Down 1.5 %

SNMRY traded down $0.15 during trading hours on Thursday, reaching $9.51. The company’s stock had a trading volume of 40,762 shares, compared to its average volume of 158,486. Snam has a fifty-two week low of $8.50 and a fifty-two week high of $10.24. The business’s 50-day moving average is $9.10 and its 200-day moving average is $9.42.

Snam Increases Dividend

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

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.