Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY) Sees Large Increase in Short Interest

Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 11,218 shares, a growth of 156.0% from the September 15th total of 4,382 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 101,138 shares, the short-interest ratio is currently 0.1 days.

Terna Rete Elettrica Nazionale Trading Up 1.5%

Shares of TEZNY stock opened at $31.03 on Wednesday. Terna Rete Elettrica Nazionale has a 12 month low of $30.19 and a 12 month high of $36.42. The stock has a 50 day moving average of $32.63 and a 200-day moving average of $34.17.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Terna Rete Elettrica Nazionale to a “hold” rating in a research report on Friday, September 18th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About Terna Rete Elettrica Nazionale

Terna Rete Elettrica Nazionale S.p.A., commonly known as Terna, is Italy’s electricity transmission system operator. The company owns, operates, and maintains the country’s high- and extra-high-voltage electricity transmission network, helping transport power from generation facilities to distribution networks and major industrial users.

Terna’s activities include managing the real-time flow of electricity, maintaining grid reliability and security, planning and developing transmission infrastructure, and coordinating cross-border interconnections.