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

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

Hydro One Price Performance

Hydro One stock remained flat at $31.64 during trading hours on Monday. Hydro One has a 12 month low of $23.07 and a 12 month high of $35.31. The business has a fifty day moving average price of $30.95 and a 200 day moving average price of $32.23.

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.