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

Huaneng Power International Inc ADR Class N (NYSE:HNP) saw a significant decline in short interest in November. As of November 29th, there was short interest totalling 21,700 shares, a decline of 6.9% from the November 14th total of 23,300 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 14,500 shares, the days-to-cover ratio is presently 1.5 days.

Several equities analysts have recently weighed in on HNP shares. Zacks Investment Research cut Huaneng Power International Inc ADR Class N from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. UBS Group upgraded Huaneng Power International Inc ADR Class N from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 8th. ValuEngine upgraded Huaneng Power International Inc ADR Class N from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. cut Huaneng Power International Inc ADR Class N from an “overweight” rating to a “neutral” rating in a research report on Friday, November 29th.

Shares of NYSE HNP traded down $0.14 during mid-day trading on Friday, hitting $20.02. The company had a trading volume of 20,810 shares, compared to its average volume of 12,587. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 125.13, a P/E/G ratio of 0.84 and a beta of 0.55. Huaneng Power International Inc ADR Class N has a 1 year low of $17.91 and a 1 year high of $26.76. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 1.33. The stock’s 50-day moving average price is $19.38 and its 200-day moving average price is $21.63.

Huaneng Power International Inc ADR Class N (NYSE:HNP) last announced its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $0.40 earnings per share for the quarter. The company had revenue of $5.83 billion during the quarter. Huaneng Power International Inc ADR Class N had a return on equity of 3.36% and a net margin of 2.40%. As a group, equities research analysts forecast that Huaneng Power International Inc ADR Class N will post 1.81 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in Huaneng Power International Inc ADR Class N by 103.8% during the second quarter. Renaissance Technologies LLC now owns 79,700 shares of the utilities provider’s stock worth $1,859,000 after buying an additional 40,600 shares in the last quarter. Aperio Group LLC grew its position in Huaneng Power International Inc ADR Class N by 8.7% during the second quarter. Aperio Group LLC now owns 51,597 shares of the utilities provider’s stock worth $1,203,000 after buying an additional 4,137 shares in the last quarter. Northern Trust Corp grew its position in Huaneng Power International Inc ADR Class N by 182.6% during the second quarter. Northern Trust Corp now owns 26,743 shares of the utilities provider’s stock worth $623,000 after buying an additional 17,280 shares in the last quarter. Millennium Management LLC purchased a new position in Huaneng Power International Inc ADR Class N during the third quarter worth about $334,000. Finally, Atria Investments LLC purchased a new position in Huaneng Power International Inc ADR Class N during the second quarter worth about $158,000. Institutional investors and hedge funds own 0.22% of the company’s stock.

Huaneng Power International Inc ADR Class N Company Profile

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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