Terna S.p.A. (OTCMKTS:TEZNY) Short Interest Up 667.9% in April

Terna S.p.A. (OTCMKTS:TEZNY - Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 21,500 shares, a growth of 667.9% from the March 31st total of 2,800 shares. Based on an average daily trading volume, of 57,700 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley restated an "underweight" rating on shares of Terna in a research report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Terna in a report on Thursday, March 27th.

Terna Stock Up 0.4 %

Shares of OTCMKTS TEZNY traded up $0.12 during mid-day trading on Wednesday, reaching $29.82. 5,973 shares of the company's stock traded hands, compared to its average volume of 24,323. Terna has a 1-year low of $22.94 and a 1-year high of $29.93. The business has a 50-day simple moving average of $26.80 and a 200 day simple moving average of $25.45.

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.