Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY) Sees Large Decrease in Short Interest

Key Points

• Terna Rete Elettrica Nazionale SpA experienced a 52.4% decrease in short interest in September, dropping from 10,500 shares to 5,000 shares.
• The Royal Bank of Canada upgraded the company's stock rating from "hold" to "moderate buy", reflecting positive sentiment from some analysts.
• Currently, the stock has a one-year trading range between $22.94 and $31.18, with the latest price at $30.00.

Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY - Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,000 shares, a drop of 52.4% from the August 31st total of 10,500 shares. Based on an average daily volume of 31,500 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 31,500 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised shares of Terna Rete Elettrica Nazionale from a "hold" rating to a "moderate buy" rating in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold".

Terna Rete Elettrica Nazionale Price Performance

Shares of OTCMKTS:TEZNY opened at $30.00 on Friday. The company's 50 day simple moving average is $29.79 and its 200 day simple moving average is $29.36. Terna Rete Elettrica Nazionale has a 1 year low of $22.94 and a 1 year high of $31.18.

Terna Rete Elettrica Nazionale 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.

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