Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY) Sees Significant Increase in Short Interest

Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 6,839 shares, a growth of 1,243.6% from the August 15th total of 509 shares. Based on an average daily volume of 45,706 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Terna Rete Elettrica Nazionale Stock Performance

Shares of TEZNY opened at $31.99 on Friday. Terna Rete Elettrica Nazionale has a 12 month low of $29.12 and a 12 month high of $36.42. The stock has a fifty day moving average price of $34.30 and a 200 day moving average price of $34.69.

About Terna Rete Elettrica Nazionale

Terna Rete Elettrica Nazionale S.p.A. is an Italian electricity transmission system operator responsible for managing and developing the country’s high- and extra-high-voltage power grid. The company transports electricity from power plants and international interconnections to local distribution networks and large industrial customers, helping maintain the reliability and security of Italy’s electricity supply.

Terna’s activities include electricity transmission, grid dispatching and balancing, network maintenance, infrastructure upgrades, and the development of new transmission facilities.