Terna S.p.A. (OTCMKTS:TEZNY) Sees Significant Decrease in Short Interest

Terna S.p.A. (OTCMKTS:TEZNY) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 2,800 shares, a decline of 82.7% from the November 30th total of 16,200 shares. Based on an average daily volume of 66,900 shares, the short-interest ratio is currently 0.0 days.

Terna Price Performance

OTCMKTS:TEZNY traded down $0.12 during mid-day trading on Friday, hitting $23.71. 40,019 shares of the company’s stock traded hands, compared to its average volume of 15,821. The firm has a 50 day moving average of $25.05 and a two-hundred day moving average of $25.22. Terna has a 12 month low of $22.94 and a 12 month high of $27.21.

Terna Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 5th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.3798 per share. This is an increase from Terna’s previous dividend of $0.19. The ex-dividend date of this dividend was Friday, November 22nd.

About Terna

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.