Short Interest in Italgas S.p.A. (OTCMKTS:ITGGF) Expands By 12.2%

Italgas S.p.A. (OTCMKTS:ITGGF) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 6,408,900 shares, an increase of 12.2% from the May 31st total of 5,712,600 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 32,044.5 days.

Italgas Stock Performance

ITGGF stock opened at $5.05 on Wednesday. The company’s 50 day moving average is $5.09 and its 200 day moving average is $5.14. Italgas has a 1-year low of $5.05 and a 1-year high of $5.05.

Italgas Company Profile

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.