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

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

Emera Stock Performance

Emera stock opened at $40.88 on Friday. The company’s fifty day simple moving average is $39.22 and its 200-day simple moving average is $38.23. Emera has a 12 month low of $32.00 and a 12 month high of $41.44.

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.