Short Interest in Emera Incorporated (OTCMKTS:EMRAF) Declines By 14.9%

Emera Incorporated (OTCMKTS:EMRAF) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 2,521,600 shares, a drop of 14.9% from the February 13th total of 2,962,100 shares. Based on an average daily trading volume, of 50,200 shares, the days-to-cover ratio is currently 50.2 days.

Emera Stock Performance

OTCMKTS:EMRAF traded down $0.08 during trading hours on Wednesday, reaching $41.36. The company had a trading volume of 55,725 shares, compared to its average volume of 65,916. Emera has a one year low of $32.00 and a one year high of $41.44. The stock has a 50-day moving average of $39.08 and a two-hundred day moving average of $38.20.

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.