Tenaga Nasional Berhad (OTCMKTS:TNABY) Short Interest Update

by · The Markets Daily

Tenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 860 shares, an increase of 298.1% from the June 15th total of 216 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 438 shares, the short-interest ratio is presently 2.0 days.

Tenaga Nasional Berhad Price Performance

TNABY remained flat at $13.77 on Friday. The company’s stock had a trading volume of 349 shares, compared to its average volume of 239. The firm’s fifty day moving average is $14.80 and its 200-day moving average is $14.45. The stock has a market capitalization of $19.92 billion, a price-to-earnings ratio of 49.18 and a beta of -0.35. Tenaga Nasional Berhad has a 12 month low of $11.60 and a 12 month high of $15.70.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Tenaga Nasional Berhad to a “hold” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Read Our Latest Report on Tenaga Nasional Berhad

About Tenaga Nasional Berhad

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Tenaga Nasional Berhad (OTCMKTS: TNABY) is Malaysia’s largest integrated electricity utility, principally engaged in the generation, transmission, distribution and retail of electricity. The company operates a broad portfolio of power plants and manages the national grid infrastructure that delivers electricity to residential, commercial and industrial customers. Its operations encompass system planning, network operation and maintenance, meter services and customer supply functions typical of a vertically integrated utility.

TNB’s generation assets include thermal and hydroelectric facilities and the company has been expanding its participation in renewable energy and grid modernization initiatives.

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