Tenaga Nasional Berhad (OTCMKTS:TNABY) Short Interest Update

Tenaga Nasional Berhad (OTCMKTS:TNABY) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 860 shares, a growth of 298.1% from the June 15th total of 216 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 438 shares, the days-to-cover ratio is currently 2.0 days.

Tenaga Nasional Berhad Stock Performance

Tenaga Nasional Berhad stock opened at $13.77 on Tuesday. The stock has a fifty day moving average of $14.80 and a two-hundred day moving average of $14.45. The company 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 fifty-two week low of $11.60 and a fifty-two week high of $15.70.

Wall Street Analysts Forecast Growth

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