Emera Incorporated (OTCMKTS:EMRAF) Short Interest Update

Emera Incorporated (OTCMKTS:EMRAF) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 5,116,000 shares, a growth of 24.7% from the June 30th total of 4,104,000 shares. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is presently 983.8 days.

Emera Stock Down 0.2 %

EMRAF stock traded down $0.06 on Tuesday, reaching $35.38. 72,039 shares of the company traded hands, compared to its average volume of 34,320. The firm has a fifty day simple moving average of $34.12 and a 200-day simple moving average of $34.87. Emera has a one year low of $31.85 and a one year high of $40.65.

Analysts Set New Price Targets

Separately, BMO Capital Markets decreased their price objective on shares of Emera from $55.00 to $54.00 and set an “outperform” rating for the company in a report 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.