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

Italgas S.p.A. (OTCMKTS:ITGGF) was the recipient of a significant 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 daily trading volume, of 500 shares, the short-interest ratio is currently 7,920.2 days.

Italgas Stock Performance

Shares of OTCMKTS ITGGF opened at $5.72 on Tuesday. The business’s 50-day moving average price is $5.93 and its two-hundred day moving average price is $5.37. Italgas has a one year low of $5.05 and a one year high of $6.52.

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.