Tenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 2,401 shares, a drop of 54.5% from the April 15th total of 5,273 shares. Based on an average daily volume of 1,323 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.0% of the shares of the stock are sold short.
Tenaga Nasional Berhad Stock Performance
OTCMKTS TNABY opened at $15.55 on Friday. Tenaga Nasional Berhad has a fifty-two week low of $11.60 and a fifty-two week high of $15.70. The stock’s fifty day moving average is $14.55 and its two-hundred day moving average is $13.89. The firm has a market capitalization of $22.50 billion, a P/E ratio of 35.34 and a beta of -0.40.
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.
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