Short Interest in Emera Incorporated (OTCMKTS:EMRAF) Rises By 23.4%

Emera Incorporated (OTCMKTS:EMRAF) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 3,635,500 shares, a growth of 23.4% from the August 31st total of 2,947,000 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is presently 1,817.8 days.

Analyst Ratings Changes

Separately, BMO Capital Markets decreased their price target on shares of Emera from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Monday, July 1st.

Emera Stock Performance

OTCMKTS:EMRAF traded down $0.03 during midday trading on Monday, reaching $39.75. The stock had a trading volume of 2,700 shares, compared to its average volume of 26,849. The firm’s fifty day simple moving average is $37.09 and its 200-day simple moving average is $35.36. Emera has a 1-year low of $31.85 and a 1-year high of $40.00.

Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.