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

Hydro One Limited (OTCMKTS:HRNNF) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,860,500 shares, an increase of 29.8% from the February 28th total of 4,516,100 shares. Based on an average daily volume of 19,400 shares, the days-to-cover ratio is presently 302.1 days.

Hydro One Stock Up 1.7 %

Shares of HRNNF opened at $34.28 on Wednesday. The company’s 50 day moving average price is $32.26 and its 200 day moving average price is $32.19. Hydro One has a 52 week low of $23.07 and a 52 week high of $35.31.

Hydro One Company Profile

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.