Terna S.p.A. (OTCMKTS:TEZNY) Short Interest Down 65.2% in May

Terna S.p.A. (OTCMKTS:TEZNY - Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 1,600 shares, a drop of 65.2% from the April 30th total of 4,600 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 78,300 shares, the days-to-cover ratio is currently 0.0 days.

Terna Price Performance

Shares of OTCMKTS TEZNY traded up $0.26 during mid-day trading on Friday, reaching $30.53. The company had a trading volume of 11,178 shares, compared to its average volume of 24,726. Terna has a 12-month low of $22.94 and a 12-month high of $30.80. The stock has a fifty day moving average of $28.58 and a two-hundred day moving average of $26.01.

Analyst Ratings Changes

A number of research firms recently weighed in on TEZNY. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Terna in a research report on Thursday, March 27th. Morgan Stanley restated an "underweight" rating on shares of Terna in a research report on Friday, May 16th.

About Terna

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.