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

Tenaga Nasional Berhad (OTCMKTS:TNABY) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 2,100 shares, a growth 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 mid-day trading on Friday. 15 shares of the company’s stock traded hands, compared to its average volume of 751. The business’s 50-day moving average price is $13.95 and its two-hundred day moving average price is $12.14. The company has a market capitalization of $20.04 billion, a PE ratio of 30.12 and a beta of -0.15. Tenaga Nasional Berhad has a one year low of $7.94 and a one year high of $15.24.

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 given a dividend of $0.2045 per share. The ex-dividend date is 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.