Emera Incorporated (OTCMKTS:EMRAF) Short Interest Update

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

Wall Street Analysts Forecast Growth

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

Emera Stock Performance

Shares of OTCMKTS:EMRAF traded down $0.03 during mid-day trading on Monday, hitting $39.75. The company had a trading volume of 2,700 shares, compared to its average volume of 26,849. The firm has a fifty day moving average price of $37.09 and a 200 day moving average price of $35.36. Emera has a one year low of $31.85 and a one year high of $40.00.

About Emera

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.