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

Eutelsat Group (OTCMKTS:ETCMY) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 13,300 shares, an increase of 160.8% from the November 30th total of 5,100 shares. Based on an average daily trading volume, of 10,200 shares, the short-interest ratio is presently 1.3 days.

Eutelsat Group Stock Performance

OTCMKTS:ETCMY opened at $0.64 on Friday. Eutelsat Group has a 12-month low of $0.62 and a 12-month high of $1.28. The business has a 50 day simple moving average of $0.92 and a 200 day simple moving average of $1.03.

Eutelsat Group Company Profile

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.