Short Interest Don’t Lie: TENAGA NASIONAL BERH (OTCMKTS:TNABY)’s Stock Is Sell After More Market Selling

November 17, 2016 - By Darrin Black   ·   0 Comments

Short Interest Don't Lie: TENAGA NASIONAL BERH (OTCMKTS:TNABY)'s Stock Is Sell After More Market Selling

The stock of TENAGA NASIONAL BERH (OTCMKTS:TNABY) registered an increase of 26.67% in short interest. TNABY’s total short interest was 5,700 shares in November as published by FINRA. Its up 26.67% from 4,500 shares, reported previously. With 4,300 shares average volume, it will take short sellers 1 days to cover their TNABY’s short positions. About 3,705 shares traded hands. Tenaga Nasional Bhd (ADR) (OTCMKTS:TNABY) has declined 9.98% since April 15, 2016 and is downtrending. It has underperformed by 14.60% the S&P500.

Tenaga Nasional Berhad is engaged in the business of the generation, transmission, distribution and sale of electricity. The company has a market cap of $18.84 billion. The Firm operates primarily in Malaysia. It currently has negative earnings. The Company’s Generation Division operates and maintains approximately six thermal power stations and over three hydroelectric power generating schemes, in addition to supporting the activities and maintenance of approximately two independent power producers .

TNABY Company Profile

Tenaga Nasional Berhad, incorporated on September 1, 1949, is engaged in the business of the generation, transmission, distribution and sale of electricity. The Firm operates primarily in Malaysia. The Company’s Generation Division operates and maintains approximately six thermal power stations and over three hydroelectric power generating schemes, in addition to supporting the activities and maintenance of approximately two independent power producers (IPPs). The Company’s Transmission Division connects power generated by the Company and IPPs throughout Peninsular Malaysia with the Distribution Division’s network, as well as directly to industrial clients through the National Grid. The Company’s Distribution Division supplies end users.

More notable recent Tenaga Nasional Bhd (ADR) (OTCMKTS:TNABY) news were published by: Seekingalpha.com which released: “Tenaga Nasional – Brace For Explosive Growth Of This Under Covered Electric …” on June 18, 2015, also Seekingalpha.com with their article: “Time To Bottom Shop For Stocks In Malaysia?” published on August 11, 2015, Seekingalpha.com published: “Top 10 Global Building & Infrastructure ETFs” on July 18, 2012. More interesting news about Tenaga Nasional Bhd (ADR) (OTCMKTS:TNABY) were released by: Pennenergy.com and their article: “Honeywell, Stor launch first-of-its-kind smart grid program in the UK” published on January 30, 2014 as well as Seekingalpha.com‘s news article titled: “Top 10 Asia Ex China And India Country ETFs” with publication date: July 31, 2012.

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By Darrin Black


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