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

Hydro One Limited (OTCMKTS:HRNNF) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 5,350,100 shares, a drop of 7.8% from the October 15th total of 5,803,800 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 17,833.7 days.

Hydro One Trading Up 1.5 %

Shares of HRNNF opened at $31.72 on Tuesday. The stock has a 50-day simple moving average of $33.18 and a 200-day simple moving average of $31.32. Hydro One has a 1 year low of $23.07 and a 1 year 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.