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

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

Tenaga Nasional Berhad Price Performance

Shares of OTCMKTS:TNABY opened at $12.38 on Friday. The firm’s 50 day moving average price is $14.14 and its 200 day moving average price is $12.44. The stock has a market cap of $17.92 billion, a price-to-earnings ratio of 26.92 and a beta of -0.14. Tenaga Nasional Berhad has a fifty-two week low of $7.94 and a fifty-two week high of $15.24.

Tenaga Nasional Berhad Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, October 28th. Investors of record on Monday, September 30th were issued a $0.2045 dividend. The ex-dividend date 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.