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

Emera Incorporated (OTCMKTS:EMRAF) was the target of a significant 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 daily volume of 2,000 shares, the short-interest ratio is currently 1,817.8 days.

Wall Street Analyst Weigh In

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

Emera Stock Performance

Shares of OTCMKTS:EMRAF traded down $0.03 on Monday, reaching $39.75. 2,700 shares of the company’s stock were exchanged, compared to its average volume of 26,849. The company has a fifty day moving average of $37.09 and a 200-day moving average of $35.36. Emera has a twelve month low of $31.85 and a twelve month 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.