Short Interest in Hydro One Limited (OTCMKTS:HRNNF) Declines By 29.6%

Hydro One Limited (OTCMKTS:HRNNF) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 2,533,500 shares, a decline of 29.6% from the September 30th total of 3,600,800 shares. Based on an average daily volume of 42,700 shares, the days-to-cover ratio is presently 59.3 days. Based on an average daily volume of 42,700 shares, the days-to-cover ratio is presently 59.3 days.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HRNNF. CIBC restated a “neutral” rating on shares of Hydro One in a report on Tuesday, October 21st. Raymond James Financial restated a “market perform” rating on shares of Hydro One in a report on Thursday, August 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Hydro One Trading Up 0.4%

Shares of OTCMKTS HRNNF opened at $36.65 on Wednesday. Hydro One has a twelve month low of $29.67 and a twelve month high of $38.85. The business has a 50 day simple moving average of $36.11 and a 200-day simple moving average of $36.20.

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.