Emera Incorporated (OTCMKTS:EMRAF – Get Free Report) was the target of a significant increase in short interest during 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 trading volume, of 3,700 shares, the short-interest ratio is currently 1,050.4 days.
Emera Trading Up 1.6 %
Emera stock opened at $38.63 on Thursday. The stock has a 50-day simple moving average of $37.60 and a 200 day simple moving average of $35.55. Emera has a 52 week low of $31.85 and a 52 week high of $40.00.
Analysts Set New Price Targets
Separately, BMO Capital Markets cut their price target on shares of 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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