Emera Incorporated (OTCMKTS:EMRAF) Short Interest Up 23.4% in September

Emera Incorporated (OTCMKTS:EMRAF) was the recipient of a significant growth in short interest during 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 trading volume, of 2,000 shares, the days-to-cover ratio is presently 1,817.8 days.

Emera Stock Down 0.1 %

Emera stock opened at $39.75 on Monday. The stock has a 50-day moving average price of $37.09 and a 200 day moving average price of $35.36. Emera has a 52 week low of $31.85 and a 52 week high of $40.00.

Wall Street Analysts Forecast Growth

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

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.