Short Interest in Emera Incorporated (OTCMKTS:EMRAF) Decreases By 15.4%

Emera Incorporated (OTCMKTS:EMRAF) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,922,200 shares, a drop of 15.4% from the March 15th total of 2,273,100 shares. Based on an average trading volume of 67,700 shares, the days-to-cover ratio is presently 28.4 days.

Emera Price Performance

OTCMKTS:EMRAF opened at $43.97 on Tuesday. Emera has a 52 week low of $32.00 and a 52 week high of $44.46. The business’s 50-day simple moving average is $41.27 and its two-hundred day simple moving average is $38.87.

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.