Emera Incorporated (OTCMKTS:EMRAF) Short Interest Up 24.7% in July

Emera Incorporated (OTCMKTS:EMRAF) saw a large growth in short interest during 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 daily trading volume, of 5,200 shares, the days-to-cover ratio is presently 983.8 days.

Emera Trading Down 0.2 %

OTCMKTS:EMRAF traded down $0.06 during midday trading on Tuesday, reaching $35.38. 72,039 shares of the stock traded hands, compared to its average volume of 34,320. The company has a fifty day moving average of $34.12 and a 200 day moving average of $34.87. Emera has a 12 month low of $31.85 and a 12 month high of $40.65.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lowered their price target 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.