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

Snam S.p.A. (OTCMKTS:SNMRY) was the target of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 12,300 shares, a decline of 31.3% from the May 15th total of 17,900 shares. Based on an average daily trading volume, of 54,700 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SNMRY. Barclays cut shares of Snam from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 4th. Citigroup lowered shares of Snam from a “hold” rating to a “strong sell” rating in a research report on Friday, April 11th.

Snam Stock Up 2.2%

Shares of SNMRY stock opened at $12.30 on Thursday. Snam has a 1 year low of $8.50 and a 1 year high of $12.31. The firm’s fifty day simple moving average is $11.51 and its 200 day simple moving average is $10.14.

Snam Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 25th will be given a dividend of $0.2247 per share. This represents a yield of 2.95%. The ex-dividend date is Tuesday, June 24th. Snam’s dividend payout ratio (DPR) is currently 67.24%.

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.