Keyera Corp. (OTCMKTS:KEYUF – Get Rating) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 7,405,900 shares, a drop of 6.8% from the May 15th total of 7,948,600 shares. Based on an average trading volume of 5,800 shares, the short-interest ratio is currently 1,276.9 days.
Keyera Trading Up 1.4 %
Shares of KEYUF stock opened at $23.16 on Friday. The company has a 50 day moving average price of $23.27 and a 200-day moving average price of $22.57. Keyera has a 52 week low of $19.72 and a 52 week high of $25.90.
Wall Street Analyst Weigh In
A number of research firms have weighed in on KEYUF. Credit Suisse Group reduced their price objective on shares of Keyera from C$39.50 to C$39.00 in a research note on Wednesday, May 24th. TD Securities raised their price objective on shares of Keyera from C$36.00 to C$37.00 in a research note on Wednesday, May 10th. Scotiabank raised their price objective on shares of Keyera to C$37.00 in a research note on Friday, April 21st. Royal Bank of Canada raised their price objective on shares of Keyera from C$36.00 to C$38.00 in a research note on Wednesday, May 10th. Finally, National Bank Financial raised their price objective on shares of Keyera from C$34.00 to C$35.00 in a research note on Wednesday, May 10th.
About Keyera
Keyera Corp. engages in the operation of assets in the oil and gas industry between the upstream sectors. It operates through the following segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment includes 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 (NGLs), before the sales gas is delivered into long-distance pipeline systems for transportation to end-use markets.
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