Short Interest in Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY) Declines By 82.6%

Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,600 shares, adropof82.6% from the July 15th total of 9,200 shares. Currently,0.0% of the shares of the stock are short sold. Based on an average trading volume of 27,600 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 27,600 shares, the short-interest ratio is currently 0.1 days. Currently,0.0% of the shares of the stock are short sold.

Terna Rete Elettrica Nazionale Price Performance

TEZNY stock opened at $30.07 on Friday. Terna Rete Elettrica Nazionale has a one year low of $22.94 and a one year high of $31.18. The firm has a 50-day simple moving average of $30.01 and a two-hundred day simple moving average of $28.21.

Terna Rete Elettrica Nazionale Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 25th were issued a $0.6325 dividend. This is a boost from Terna Rete Elettrica Nazionale’s previous dividend of $0.38. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a dividend yield of 282.0%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley restated an “underweight” rating on shares of Terna Rete Elettrica Nazionale in a research report on Friday, May 16th.

About Terna Rete Elettrica Nazionale

Terna S.p.A., together with its subsidiaries, provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally. It operates through Regulated, Non-Regulated, and International segments. The company is involved in the design, construction, management, development, operation, and maintenance of national transmission grid; dispatching and metering; and construction of storage systems.