Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY) Sees Large Drop in Short Interest

Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 4,382 shares, a decrease of 35.9% from the August 31st total of 6,839 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 103,948 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Terna Rete Elettrica Nazionale to a “hold” rating in a research report on Friday, September 18th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Terna Rete Elettrica Nazionale Price Performance

TEZNY opened at $30.75 on Friday. The stock’s fifty day moving average is $33.28 and its 200-day moving average is $34.34. Terna Rete Elettrica Nazionale has a one year low of $29.75 and a one year high of $36.42.

About Terna Rete Elettrica Nazionale

Terna Rete Elettrica Nazionale S.p.A., commonly known as Terna, is Italy’s electricity transmission system operator. The company owns, operates, and maintains the country’s high- and extra-high-voltage electricity transmission network, helping transport power from generation facilities to distribution networks and major industrial users.

Terna’s activities include managing the real-time flow of electricity, maintaining grid reliability and security, planning and developing transmission infrastructure, and coordinating cross-border interconnections.