Short Interest in Hydro One Limited (OTCMKTS:HRNNF) Decreases By 19.2%

Hydro One Limited (OTCMKTS:HRNNF) was the recipient of a large decrease in short interest in the month of August. As of August 15th, there was short interest totaling 4,028,600 shares, a decrease of 19.2% from the July 31st total of 4,987,700 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is presently 4,028.6 days. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is presently 4,028.6 days.

Wall Street Analyst Weigh In

Separately, Raymond James Financial reissued a “market perform” rating on shares of Hydro One in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Hydro One Stock Down 0.7%

Shares of Hydro One stock opened at $35.86 on Wednesday. Hydro One has a one year low of $29.67 and a one year high of $38.85. The stock’s fifty day moving average is $36.07 and its 200 day moving average is $35.47.

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.