Terna S.p.A. (OTCMKTS:TERRF) Sees Large Drop in Short Interest

Terna S.p.A. (OTCMKTS:TERRF) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 8,200,300 shares, a decrease of 22.6% from the January 15th total of 10,588,900 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is currently 10,250.4 days.

Terna Price Performance

Shares of OTCMKTS TERRF opened at $8.50 on Friday. Terna has a 52-week low of $7.23 and a 52-week high of $9.00. The business has a 50-day moving average price of $8.47 and a 200 day moving average price of $8.46.

Terna Company Profile

Terna S.p.A., together with its subsidiaries, provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally. It operates through Regulated, Non-Regulated, and International segments. The company is involved in the design, construction, management, development, operation, and maintenance of national transmission grid; dispatching and metering; and construction of storage systems.