Tenaga Nasional Berhad (OTCMKTS:TNABY) Sees Large Increase in Short Interest

Tenaga Nasional Berhad (OTCMKTS:TNABY) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 3,100 shares, a growth of 47.6% from the October 15th total of 2,100 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is currently 3.9 days.

Tenaga Nasional Berhad Stock Performance

Shares of TNABY opened at $12.38 on Friday. The stock has a market capitalization of $17.92 billion, a PE ratio of 26.92 and a beta of -0.14. Tenaga Nasional Berhad has a 1 year low of $7.94 and a 1 year high of $15.24. The company’s 50-day simple moving average is $14.14 and its 200-day simple moving average is $12.44.

Tenaga Nasional Berhad Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, September 30th were given a dividend of $0.2045 per share. The ex-dividend date of this dividend was Monday, September 30th.

About Tenaga Nasional Berhad

Tenaga Nasional Berhad engages in the generation, transmission, distribution, and sale of electricity in Malaysia and internationally. The company operates and maintains thermal generation facilities and hydroelectric power generating schemes; and manages and operates the National Grid that is connected to Thailand's transmission system, as well as Singapore's transmission system at Senoko.