PostNL (OTCMKTS:TNTFF) Sees Large Decline in Short Interest

PostNL (OTCMKTS:TNTFFGet Rating) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,071,800 shares, a decrease of 23.3% from the February 13th total of 1,396,500 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

PostNL Stock Performance

Shares of TNTFF opened at $1.68 on Tuesday. The business has a fifty day moving average of $1.92 and a 200 day moving average of $1.99. PostNL has a 52-week low of $1.68 and a 52-week high of $3.84.

Wall Street Analyst Weigh In

Separately, Barclays cut shares of PostNL from an “equal weight” rating to an “underweight” rating in a research note on Friday, February 10th.

PostNL Company Profile

(Get Rating)

PostNL N.V. provides postal and logistics services to businesses and consumers in the Netherlands, rest of Europe, and internationally. The company operates in two segments, Parcels, Mail in the Netherlands; and PostNL Other. It collects, sorts, transports, and delivers letters and parcels; and offers data and document management, direct marketing, and fulfillment services, as well as cross-border mail solutions.

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