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

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

Analyst Upgrades and Downgrades

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

Tenaga Nasional Berhad Stock Performance

Tenaga Nasional Berhad stock opened at $15.15 on Friday. Tenaga Nasional Berhad has a 52-week low of $11.60 and a 52-week high of $15.70. The firm has a 50 day moving average price of $14.77 and a two-hundred day moving average price of $14.41. The firm has a market cap of $21.92 billion, a price-to-earnings ratio of 34.43 and a beta of -0.35.

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.