Tenaga Nasional Berhad (OTCMKTS:TNABY) Short Interest Up ? in August

Tenaga Nasional Berhad (OTCMKTS:TNABY) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 102 shares, a growth of ? from the July 30th total of 0 shares. Based on an average daily trading volume, of 117 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised 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 data from MarketBeat, the company presently has a consensus rating of “Hold”.

Tenaga Nasional Berhad Price Performance

Shares of OTCMKTS TNABY opened at $14.40 on Tuesday. The stock has a market capitalization of $20.84 billion, a P/E ratio of 51.44 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 business has a fifty day moving average price of $14.70 and a 200 day moving average price of $14.62.

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.