Keyera Corp. (OTCMKTS:KEYUF – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 9,451,200 shares, an increase of 21.6% from the August 15th total of 7,769,500 shares. Based on an average trading volume of 10,000 shares, the days-to-cover ratio is presently 945.1 days.
Keyera Trading Up 0.3 %
Shares of Keyera stock traded up $0.07 during trading on Monday, hitting $24.47. 696 shares of the company were exchanged, compared to its average volume of 10,626. The firm has a 50 day moving average price of $24.21 and a 200 day moving average price of $23.26. Keyera has a fifty-two week low of $19.72 and a fifty-two week high of $25.14.
Analyst Ratings Changes
A number of research firms have commented on KEYUF. Stifel Nicolaus raised their target price on Keyera from C$38.00 to C$39.00 in a report on Friday, August 11th. Credit Suisse Group lowered their target price on shares of Keyera from C$39.50 to C$39.00 in a research report on Wednesday, May 24th. Scotiabank lifted their price objective on Keyera from C$37.00 to C$38.00 in a report on Friday, August 11th. Finally, National Bank Financial cut Keyera from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 11th.
Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids in Canada and the United States. It operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.
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