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

Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY - Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 8,500 shares, a growth of 70.0% from the September 15th total of 5,000 shares. Based on an average daily volume of 32,300 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 32,300 shares, the short-interest ratio is currently 0.3 days.

Terna Rete Elettrica Nazionale Stock Down 0.3%

TEZNY stock opened at $31.42 on Tuesday. The company has a 50-day simple moving average of $30.12 and a 200 day simple moving average of $29.74. Terna Rete Elettrica Nazionale has a fifty-two week low of $22.94 and a fifty-two week high of $31.63.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold".

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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