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

Eutelsat Group (OTCMKTS:ETCMY) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 3,700 shares, a decrease of 5.1% from the September 30th total of 3,900 shares. Based on an average trading volume of 500 shares, the short-interest ratio is presently 7.4 days.

Eutelsat Group Stock Performance

ETCMY opened at $1.11 on Friday. The company’s 50-day simple moving average is $1.09 and its two-hundred day simple moving average is $1.08. Eutelsat Group has a 52-week low of $0.89 and a 52-week high of $1.28.

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.