Short Interest in Eutelsat Group (OTCMKTS:ETCMY) Expands By 25.8%

Eutelsat Group (OTCMKTS:ETCMY) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 3,900 shares, an increase of 25.8% from the September 15th total of 3,100 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 2.0 days.

Eutelsat Group Price Performance

Shares of ETCMY stock remained flat at $1.09 during trading hours on Monday. 1,000 shares of the stock traded hands, compared to its average volume of 1,500. The company’s 50-day moving average price is $1.11 and its two-hundred day moving average price is $1.08. Eutelsat Group has a 12 month low of $0.89 and a 12 month high of $1.37.

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.