Terna S.p.A. (OTCMKTS:TERRF) Sees Large Drop in Short Interest

Terna S.p.A. (OTCMKTS:TERRF) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 6,857,500 shares, a drop of 17.5% from the February 13th total of 8,316,400 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is presently 6,857.5 days.

Terna Price Performance

Shares of Terna stock opened at $8.50 on Thursday. Terna has a one year low of $7.23 and a one year high of $9.00. The business’s 50 day simple moving average is $8.48 and its two-hundred day simple moving average is $8.49.

Terna 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.