Tenaga Nasional Berhad (OTCMKTS:TNABY) Short Interest Update

Tenaga Nasional Berhad (OTCMKTS:TNABY) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 520 shares, a growth of 409.8% from the August 15th total of 102 shares. Based on an average daily trading volume, of 137 shares, the short-interest ratio is presently 3.8 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised 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, the stock currently has a consensus rating of “Hold”.

Tenaga Nasional Berhad Stock Performance

TNABY stock opened at $12.75 on Friday. The firm has a 50 day moving average price of $14.47 and a 200-day moving average price of $14.56. Tenaga Nasional Berhad has a 52-week low of $11.70 and a 52-week high of $15.70. The firm has a market capitalization of $18.45 billion, a price-to-earnings ratio of 45.54 and a beta of -0.37.

About Tenaga Nasional Berhad

Tenaga Nasional Berhad (OTCMKTS:TNABY) is Malaysia’s largest integrated electricity utility and a government-linked company. Through its subsidiaries and operating businesses, the company generates, transmits, distributes and retails electricity, primarily serving customers in Peninsular Malaysia, with additional activities connected to Sabah and Labuan.

The company operates a diversified power-generation portfolio that includes conventional and renewable energy assets. Its transmission and distribution networks deliver electricity to residential, commercial and industrial customers, while its retail and energy-services activities support customer solutions, energy efficiency and related utility needs.

Tenaga Nasional has also expanded beyond its domestic utility base through investments in renewable energy, power generation and engineering-related businesses in selected international markets.