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

Eutelsat Group (OTCMKTS:ETCMY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 145,700 shares, a growth of 816.4% from the February 28th total of 15,900 shares. Based on an average daily volume of 494,800 shares, the days-to-cover ratio is currently 0.3 days.

Eutelsat Group Stock Up 45.0 %

Shares of Eutelsat Group stock traded up $0.42 during trading hours on Thursday, reaching $1.35. The company’s stock had a trading volume of 94,749 shares, compared to its average volume of 103,136. The stock’s fifty day simple moving average is $0.85 and its two-hundred day simple moving average is $0.90. Eutelsat Group has a one year low of $0.33 and a one year 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.