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

Eutelsat Group (OTCMKTS:ETCMY) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 13,100 shares, a growth of 22.4% from the January 31st total of 10,700 shares. Based on an average trading volume of 900 shares, the short-interest ratio is presently 14.6 days.

Eutelsat Group Trading Up 100.9 %

Shares of ETCMY traded up $1.11 during mid-day trading on Thursday, reaching $2.21. 407,688 shares of the company’s stock traded hands, compared to its average volume of 29,789. The stock’s 50-day moving average is $0.55 and its two-hundred day moving average is $0.85. Eutelsat Group has a 12 month low of $0.33 and a 12 month high of $2.60.

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.