Tenaga Nasional Berhad (OTCMKTS:TNABY) Short Interest Down 99.8% in July

Tenaga Nasional Berhad (OTCMKTS:TNABY) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 2 shares, a decline of 99.8% from the June 30th total of 860 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 557 shares, the days-to-cover ratio is currently 0.0 days.

Tenaga Nasional Berhad Stock Performance

Shares of OTCMKTS TNABY opened at $15.34 on Friday. The stock has a 50 day moving average price of $14.56 and a 200 day moving average price of $14.43. Tenaga Nasional Berhad has a 52 week low of $11.60 and a 52 week high of $15.70. The stock has a market capitalization of $22.19 billion, a PE ratio of 54.79 and a beta of -0.35.

Analyst Ratings Changes

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

Tenaga Nasional Berhad Company Profile

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.