Short Interest in Tenaga Nasional Berhad (OTCMKTS:TNABY) Drops By 45.5%

by · The Markets Daily

Tenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 216 shares, a decline of 45.5% from the May 31st total of 396 shares. Based on an average trading volume of 7,058 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Tenaga Nasional Berhad Price Performance

Shares of TNABY opened at $14.57 on Wednesday. The firm has a market capitalization of $21.08 billion, a price-to-earnings ratio of 33.11 and a beta of -0.37. Tenaga Nasional Berhad has a 1-year low of $11.60 and a 1-year high of $15.70. The company has a 50-day moving average of $14.77 and a 200 day moving average of $14.41.

Wall Street Analyst Weigh In

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

View Our Latest Report on Tenaga Nasional Berhad

Tenaga Nasional Berhad Company Profile

(Get Free Report)

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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