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

Tenaga Nasional Berhad (OTCMKTS:TNABY) was the recipient of a significant decline in short interest in 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 7,058 shares, the days-to-cover ratio is currently 0.0 days.

Tenaga Nasional Berhad Price Performance

OTCMKTS TNABY opened at $14.57 on Thursday. Tenaga Nasional Berhad has a twelve month low of $11.60 and a twelve month high of $15.70. The company has a market cap of $21.08 billion, a price-to-earnings ratio of 33.11 and a beta of -0.35. The business’s fifty day moving average is $14.77 and its 200 day moving average is $14.41.

Analyst Upgrades and Downgrades

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