Tenaga Nasional Berhad (OTCMKTS:TNABY) Short Interest Down 45.5% in June

Tenaga Nasional Berhad (OTCMKTS:TNABY) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 216 shares, a drop of 45.5% from the May 31st total of 396 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 7,058 shares, the short-interest ratio is currently 0.0 days.

Tenaga Nasional Berhad Stock Performance

OTCMKTS TNABY opened at $14.57 on Wednesday. The firm’s 50 day moving average price is $14.77 and its 200-day moving average price is $14.41. Tenaga Nasional Berhad has a 52-week low of $11.60 and a 52-week high of $15.70. The company has a market cap of $21.08 billion, a PE ratio of 33.11 and a beta of -0.37.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded 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, the stock has an average rating of “Hold”.

About Tenaga Nasional Berhad

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.