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

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

Eutelsat Group Stock Performance

Shares of Eutelsat Group stock traded down $0.13 during trading on Thursday, reaching $1.22. The stock had a trading volume of 52,610 shares, compared to its average volume of 101,456. Eutelsat Group has a 52 week low of $0.33 and a 52 week high of $2.60. The stock has a fifty day moving average price of $0.85 and a two-hundred day moving average price of $0.90.

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.