Canadian Utilities Limited (OTCMKTS:CDUAF – Get Free Report) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,944,100 shares, an increase of 52.9% from the October 15th total of 1,271,100 shares. Based on an average daily volume of 14,300 shares, the days-to-cover ratio is presently 136.0 days.
Canadian Utilities Stock Performance
Shares of CDUAF traded down $0.11 during trading hours on Tuesday, hitting $22.05. 7,155 shares of the company were exchanged, compared to its average volume of 6,778. The firm has a fifty day simple moving average of $22.04 and a 200-day simple moving average of $24.60. Canadian Utilities has a one year low of $20.65 and a one year high of $30.00.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on CDUAF shares. BMO Capital Markets cut their price objective on shares of Canadian Utilities from C$39.00 to C$38.00 in a research note on Friday, July 28th. CIBC decreased their price objective on shares of Canadian Utilities from C$40.00 to C$38.00 in a report on Friday, July 21st. Royal Bank of Canada dropped their target price on Canadian Utilities from C$43.00 to C$40.00 in a report on Friday, July 28th. TD Securities raised Canadian Utilities from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, National Bank Financial dropped their price objective on Canadian Utilities from C$37.00 to C$36.00 in a research note on Monday, July 31st.
Canadian Utilities Company Profile
Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, and retail energy businesses in the United States, Australia, and internationally. 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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