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

Tenaga Nasional Berhad (OTCMKTS:TNABY) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 2 shares, a decline of 99.8% from the June 30th total of 860 shares. Based on an average daily volume of 557 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

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

Tenaga Nasional Berhad Stock Performance

Shares of OTCMKTS TNABY opened at $15.34 on Friday. Tenaga Nasional Berhad has a one year low of $11.60 and a one year high of $15.70. The business has a 50-day moving average price of $14.56 and a two-hundred day moving average price of $14.43. The firm has a market capitalization of $22.19 billion, a PE ratio of 54.79 and a beta of -0.35.

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.