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

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

Canadian Utilities Trading Down 1.1 %

Shares of OTCMKTS CDUAF opened at $21.68 on Tuesday. Canadian Utilities has a 1-year low of $20.65 and a 1-year high of $30.00. The business’s 50 day moving average is $22.50 and its 200-day moving average is $22.64.

About Canadian Utilities

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.