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

PostNL (OTCMKTS:TNTFF – Get 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

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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.