Italgas S.p.A. (OTCMKTS:ITGGF) Short Interest Up 9.7% in October

Italgas S.p.A. (OTCMKTS:ITGGF) saw a large growth in short interest in the month of 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 trading volume of 500 shares, the days-to-cover ratio is currently 7,920.2 days.

Italgas Stock Performance

Shares of Italgas stock opened at $5.72 on Tuesday. The business has a fifty day simple moving average of $5.93 and a 200-day simple moving average of $5.37. Italgas has a fifty-two week low of $5.05 and a fifty-two week high of $6.52.

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.