Emera Incorporated (OTCMKTS:EMRAF) Sees Significant Growth in Short Interest

Emera Incorporated (OTCMKTS:EMRAF) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 3,858,000 shares, a growth of 18.1% from the October 15th total of 3,266,000 shares. Based on an average daily volume of 53,400 shares, the days-to-cover ratio is presently 72.2 days.

Emera Price Performance

Shares of Emera stock traded up $0.08 during trading on Friday, hitting $35.96. The stock had a trading volume of 23,024 shares, compared to its average volume of 28,969. Emera has a 12 month low of $32.00 and a 12 month high of $40.00. The firm’s fifty day simple moving average is $37.68 and its 200-day simple moving average is $36.00.

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.