Short Interest in Eutelsat Group (OTCMKTS:ETCMY) Expands By 21.4%

Eutelsat Group (OTCMKTS:ETCMY) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 15,900 shares, an increase of 21.4% from the February 13th total of 13,100 shares. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is currently 5.3 days.

Eutelsat Group Stock Down 3.3 %

Shares of ETCMY stock traded down $0.06 during mid-day trading on Wednesday, reaching $1.74. 102,598 shares of the company were exchanged, compared to its average volume of 95,731. The business’s 50 day simple moving average is $0.77 and its 200 day simple moving average is $0.89. Eutelsat Group has a fifty-two week low of $0.33 and a fifty-two week high of $2.60.

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.