Tenaga Nasional Berhad (OTCMKTS:TNABY) Short Interest Up 409.8% in August

Tenaga Nasional Berhad (OTCMKTS:TNABY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 520 shares, a growth of 409.8% from the August 15th total of 102 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 137 shares, the days-to-cover ratio is presently 3.8 days.

Analyst Upgrades and Downgrades

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

Tenaga Nasional Berhad Stock Performance

Shares of OTCMKTS:TNABY traded down $0.11 during trading on Friday, reaching $12.64. The stock had a trading volume of 443 shares, compared to its average volume of 328. The firm’s fifty day moving average is $14.42 and its 200 day moving average is $14.55. Tenaga Nasional Berhad has a 52 week low of $11.70 and a 52 week high of $15.70. The stock has a market cap of $18.29 billion, a price-to-earnings ratio of 45.14 and a beta of -0.37.

About Tenaga Nasional Berhad

Tenaga Nasional Berhad (OTCMKTS:TNABY) is Malaysia’s largest integrated electricity utility and a government-linked company. Through its subsidiaries and operating businesses, the company generates, transmits, distributes and retails electricity, primarily serving customers in Peninsular Malaysia, with additional activities connected to Sabah and Labuan.

The company operates a diversified power-generation portfolio that includes conventional and renewable energy assets. Its transmission and distribution networks deliver electricity to residential, commercial and industrial customers, while its retail and energy-services activities support customer solutions, energy efficiency and related utility needs.

Tenaga Nasional has also expanded beyond its domestic utility base through investments in renewable energy, power generation and engineering-related businesses in selected international markets.