Short Interest in Canadian Utilities Limited (OTCMKTS:CDUAF) Increases By 38.2%

Canadian Utilities Limited (OTCMKTS:CDUAFGet 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 Company Profile (Get Rating)

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.

See Also

Receive News & Ratings for Canadian Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Utilities and related companies with MarketBeat.com's FREE daily email newsletter.