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

Italgas S.p.A. (OTCMKTS:ITGGF) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 3,960,100 shares, an increase 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

ITGGF opened at $5.72 on Monday. The stock has a fifty day simple moving average of $5.92 and a two-hundred day simple moving average of $5.37. Italgas has a 12-month low of $5.05 and a 12-month 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.