Huaneng Power International Inc ADR Class N (NYSE:HNP) Sees Large Drop in Short Interest

Huaneng Power International Inc ADR Class N (NYSE:HNP) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 11,700 shares, a decrease of 26.4% from the January 15th total of 15,900 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 13,800 shares, the days-to-cover ratio is presently 0.8 days.

Several hedge funds have recently made changes to their positions in HNP. Northern Trust Corp increased its stake in shares of Huaneng Power International Inc ADR Class N by 182.6% in the 2nd quarter. Northern Trust Corp now owns 26,743 shares of the utilities provider’s stock valued at $623,000 after buying an additional 17,280 shares during the period. Atria Investments LLC acquired a new stake in shares of Huaneng Power International Inc ADR Class N in the 2nd quarter valued at $158,000. Quadrant Capital Group LLC increased its stake in shares of Huaneng Power International Inc ADR Class N by 251.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,479 shares of the utilities provider’s stock valued at $199,000 after buying an additional 7,501 shares during the period. Millennium Management LLC acquired a new stake in shares of Huaneng Power International Inc ADR Class N in the 3rd quarter valued at $334,000. Finally, Bank of America Corp DE increased its stake in shares of Huaneng Power International Inc ADR Class N by 51.9% in the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the utilities provider’s stock valued at $152,000 after buying an additional 2,582 shares during the period. Institutional investors own 0.22% of the company’s stock.

HNP has been the subject of a number of research reports. UBS Group upgraded Huaneng Power International Inc ADR Class N from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. downgraded Huaneng Power International Inc ADR Class N from an “overweight” rating to a “neutral” rating in a research report on Friday, November 29th. Finally, Zacks Investment Research downgraded Huaneng Power International Inc ADR Class N from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th.

Shares of HNP stock traded down $0.02 during mid-day trading on Friday, reaching $17.90. The stock had a trading volume of 10,100 shares, compared to its average volume of 21,503. The firm’s 50 day simple moving average is $19.72 and its 200 day simple moving average is $20.31. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 1.33. Huaneng Power International Inc ADR Class N has a one year low of $17.66 and a one year high of $25.84. The firm has a market cap of $6.84 billion, a PE ratio of 16.42, a P/E/G ratio of 0.69 and a beta of 0.62.

About Huaneng Power International Inc ADR Class N

Huaneng Power International, Inc, through its subsidiaries, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. It is involved in the development, investment, construction, operation, and management of power plants and related projects; and generation, wholesale, and retail of power and other relating utilities.

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