Tenaga Nasional Berhad (OTCMKTS:TNABY) Sees Large Growth in Short Interest

Tenaga Nasional Berhad (OTCMKTS:TNABY) was the target of a significant growth in short interest in 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. Based on an average trading volume of 438 shares, the short-interest ratio is currently 2.0 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

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

Tenaga Nasional Berhad Price Performance

OTCMKTS:TNABY remained flat at $13.77 on Monday. 349 shares of the company’s stock were exchanged, compared to its average volume of 245. The firm has a market capitalization of $19.92 billion, a P/E ratio of 49.18 and a beta of -0.35. Tenaga Nasional Berhad has a 1-year low of $11.60 and a 1-year high of $15.70. The stock’s 50 day moving average is $14.80 and its two-hundred day moving average is $14.45.

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.