Hydro One Limited (OTCMKTS:HRNNF) Sees Large Decline in Short Interest

Hydro One Limited (OTCMKTS:HRNNF) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 4,880,800 shares, a decrease of 12.0% from the January 15th total of 5,549,500 shares. Based on an average daily volume of 10,600 shares, the days-to-cover ratio is presently 460.5 days.

Hydro One Stock Performance

Shares of OTCMKTS:HRNNF remained flat at $31.64 during midday trading on Monday. The firm’s 50 day moving average is $30.95 and its 200 day moving average is $32.23. Hydro One has a twelve month low of $23.07 and a twelve month high of $35.31.

About Hydro One

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.