Emera Incorporated (OTCMKTS:EMRAF – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,886,300 shares, an increase of 6.9% from the September 15th total of 3,635,500 shares. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is currently 1,050.4 days.
Emera Price Performance
Emera stock opened at $38.63 on Friday. Emera has a 12-month low of $31.85 and a 12-month high of $40.00. The firm’s 50-day moving average is $37.64 and its two-hundred day moving average is $35.57.
Analysts Set New Price Targets
Separately, BMO Capital Markets cut their price target on Emera from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Monday, July 1st.
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.
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