Short Interest in Terna S.p.A. (OTCMKTS:TEZNY) Rises By 860.9%

Terna S.p.A. (OTCMKTS:TEZNY) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 44,200 shares, a growth of 860.9% from the October 31st total of 4,600 shares. Based on an average daily trading volume, of 55,200 shares, the days-to-cover ratio is presently 0.8 days.

Terna Price Performance

Shares of TEZNY traded up $0.34 during trading hours on Wednesday, reaching $25.20. The company’s stock had a trading volume of 46,596 shares, compared to its average volume of 30,263. The company has a 50 day moving average of $25.94 and a two-hundred day moving average of $25.34. Terna has a 1-year low of $23.01 and a 1-year high of $27.21.

Terna Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, December 5th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.3798 per share. This is a boost from Terna’s previous dividend of $0.19. The ex-dividend date of this dividend is Friday, November 22nd.

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.