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

Italgas S.p.A. (OTCMKTS:ITGGF) was the recipient of a large increase in short interest during the month of 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 Price Performance

Shares of OTCMKTS ITGGF opened at $5.72 on Friday. Italgas has a 1-year low of $5.05 and a 1-year high of $6.52. The company has a 50-day moving average of $5.92 and a two-hundred day moving average of $5.37.

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.