Canadian Utilities Limited (OTCMKTS:CDUAF – Get Rating) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 937,300 shares, an increase of 38.2% from the March 15th total of 678,200 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 161.6 days.
Shares of Canadian Utilities stock opened at $31.05 on Friday. Canadian Utilities has a 52-week low of $26.00 and a 52-week high of $31.38. The company has a 50 day moving average of $29.05 and a 200 day moving average of $28.45.
Separately, National Bank Financial decreased their price target on shares of Canadian Utilities from C$37.00 to C$36.00 in a research note on Wednesday, January 26th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.14.
Canadian Utilities Limited and its subsidiaries engage in the electricity, natural gas, and retail energy businesses worldwide. It operates through Utilities, Energy Infrastructure, and Corporate & Other segments. The Utilities segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, and the Northwest Territories; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.
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