Hydro One Limited (OTCMKTS:HRNNF) Sees Significant Drop in Short Interest

Hydro One Limited (OTCMKTS:HRNNF) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 5,803,800 shares, a decline of 11.1% from the September 30th total of 6,529,300 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 5,803.8 days.

Hydro One Price Performance

Shares of OTCMKTS:HRNNF opened at $32.38 on Thursday. The firm has a 50 day moving average of $33.58 and a 200 day moving average of $30.93. Hydro One has a 52 week low of $23.07 and a 52 week 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.