Terna – Rete Elettrica Nazionale Società per Azioni (OTCMKTS:TEZNY) Sees Large Decline in Short Interest

Terna – Rete Elettrica Nazionale Società per Azioni (OTCMKTS:TEZNY) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,100 shares, a drop of 90.3% from the August 15th total of 11,300 shares. Based on an average daily volume of 23,400 shares, the short-interest ratio is presently 0.0 days.

Shares of TEZNY traded up $0.32 during mid-day trading on Wednesday, hitting $23.72. The company had a trading volume of 23,522 shares, compared to its average volume of 20,495. The business’s 50-day simple moving average is $23.80 and its 200-day simple moving average is $22.91. Terna – Rete Elettrica Nazionale Società per Azioni has a 1-year low of $20.05 and a 1-year high of $25.47.

Several equities research analysts have issued reports on TEZNY shares. Barclays reaffirmed an “equal weight” rating on shares of Terna – Rete Elettrica Nazionale Società per Azioni in a research note on Thursday, August 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Terna – Rete Elettrica Nazionale Società per Azioni in a research note on Monday, August 2nd. Societe Generale reaffirmed a “buy” rating on shares of Terna – Rete Elettrica Nazionale Società per Azioni in a research note on Friday, September 10th. Deutsche Bank Aktiengesellschaft raised shares of Terna – Rete Elettrica Nazionale Società per Azioni from a “hold” rating to a “buy” rating in a research report on Tuesday, June 22nd. Finally, Morgan Stanley reissued an “underweight” rating on shares of Terna – Rete Elettrica Nazionale Società per Azioni in a research report on Monday, June 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Terna – Rete Elettrica Nazionale Società per Azioni Company Profile

TERNA Rete Elettrica Nazionale SpA engages in the grid operation for the transmission of electricity. It manages electricity transmission in Italy. It provides entire electricity system and for guaranteeing the supply of electricity to all companies and private individuals. The company was founded in 1962 and is headquartered in Rome, Italy.

Recommended Story: Purposes and Functions of the Federal Reserve

Receive News & Ratings for Terna - Rete Elettrica Nazionale Società per Azioni Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terna - Rete Elettrica Nazionale Società per Azioni and related companies with MarketBeat.com's FREE daily email newsletter.