Canadian Utilities Limited (OTCMKTS:CDUAF) Sees Large Drop in Short Interest

Canadian Utilities Limited (OTCMKTS:CDUAF) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 1,249,400 shares, a decline of 5.7% from the March 15th total of 1,324,300 shares. Based on an average daily trading volume, of 2,700 shares, the days-to-cover ratio is currently 462.7 days.

Canadian Utilities Stock Down 1.1 %

Shares of CDUAF stock opened at $21.68 on Tuesday. The stock’s fifty day simple moving average is $22.50 and its 200 day simple moving average is $22.64. Canadian Utilities has a one year low of $20.65 and a one year high of $30.00.

Canadian Utilities Company Profile

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.