Tenaga Nasional Berhad (OTCMKTS:TNABY) Short Interest Update

Tenaga Nasional Berhad (OTCMKTS:TNABY) was the target of a large growth in short interest in 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 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 Ratings Changes

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, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Tenaga Nasional Berhad Price Performance

OTCMKTS:TNABY opened at $12.64 on Friday. The company has a market capitalization of $18.29 billion, a P/E ratio of 45.14 and a beta of -0.37. The business has a fifty day simple moving average of $14.42 and a two-hundred day simple moving average of $14.55. Tenaga Nasional Berhad has a 1 year low of $11.70 and a 1 year high of $15.70.

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.