Eutelsat Group (OTCMKTS:ETCMY) Sees Significant Increase in Short Interest

Eutelsat Group (OTCMKTS:ETCMY) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 3,400 shares, an increase of 6.3% from the July 31st total of 3,200 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is currently 17.0 days.

Eutelsat Group Stock Down 5.3 %

Shares of OTCMKTS ETCMY opened at $1.08 on Wednesday. The business’s 50 day moving average is $1.12 and its two-hundred day moving average is $1.07. Eutelsat Group has a 12 month low of $0.89 and a 12 month high of $1.60.

About Eutelsat Group

Eutelsat Group, together with its subsidiaries, engages in the operation of telecommunication satellites. It provides capacity for video services, fixed data, and government services; and capacity in connectivity applications, such as fixed broadband and mobile connectivity. The company offers its services under the Eutelsat brand directly and through distributors.