Short Interest in Tenaga Nasional Berhad (OTCMKTS:TNABY) Decreases By 99.8%

Tenaga Nasional Berhad (OTCMKTS:TNABY) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 2 shares, a decrease 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. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

Tenaga Nasional Berhad Stock Performance

Shares of OTCMKTS TNABY remained flat at $15.34 during midday trading on Friday. The company’s stock had a trading volume of 51 shares, compared to its average volume of 212. Tenaga Nasional Berhad has a 12 month low of $11.60 and a 12 month high of $15.70. The business’s 50 day moving average price is $14.56 and its 200-day moving average price is $14.43. The firm has a market capitalization of $22.19 billion, a price-to-earnings ratio of 54.79 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.