Terna S.p.A. (OTCMKTS:TEZNY) Sees Significant Growth in Short Interest

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. 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 Thursday, March 27th.

Terna Price Performance

Shares of TEZNY stock traded up $0.00 during trading hours on Friday, hitting $29.11. 4,450 shares of the company's stock were exchanged, compared to its average volume of 25,026. The stock's 50-day moving average is $26.49 and its 200-day moving average is $25.37. Terna has a 52 week low of $22.94 and a 52 week high of $29.73.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.