Short Interest in Tenaga Nasional Berhad (OTCMKTS:TNABY) Expands By 40.0%

Tenaga Nasional Berhad (OTCMKTS:TNABY) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 2,100 shares, an increase of 40.0% from the September 30th total of 1,500 shares. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is presently 1.2 days.

Tenaga Nasional Berhad Stock Performance

OTCMKTS:TNABY remained flat at $13.85 during trading hours on Friday. 15 shares of the company’s stock were exchanged, compared to its average volume of 751. The firm has a market cap of $20.04 billion, a price-to-earnings ratio of 30.12 and a beta of -0.15. Tenaga Nasional Berhad has a 52 week low of $7.94 and a 52 week high of $15.24. The stock has a fifty day moving average of $13.95 and a 200-day moving average of $12.14.

Tenaga Nasional Berhad Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be paid a $0.2045 dividend. The ex-dividend date of this dividend is Monday, September 30th.

Tenaga Nasional Berhad Company Profile

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.