Tenaga Nasional Berhad (OTCMKTS:TNABY – Get Free Report) was the recipient of a large decrease in short interest during the month of 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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 557 shares, the days-to-cover ratio is presently 0.0 days.
Tenaga Nasional Berhad Price Performance
Shares of OTCMKTS:TNABY remained flat at $15.34 during trading on Friday. The stock had a trading volume of 51 shares, compared to its average volume of 212. Tenaga Nasional Berhad has a one year low of $11.60 and a one year high of $15.70. The stock has a market capitalization of $22.19 billion, a P/E ratio of 54.79 and a beta of -0.35. The company has a fifty day moving average price of $14.56 and a two-hundred day moving average price of $14.43.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of Tenaga Nasional Berhad to a “hold” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tenaga Nasional Berhad currently has an average rating of “Hold”.
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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