BT Group plc (OTCMKTS:BTGOF – Get Free Report) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 5,340,000 shares, a decline of 7.1% from the December 15th total of 5,746,100 shares. Based on an average trading volume of 83,200 shares, the days-to-cover ratio is presently 64.2 days.
BT Group Trading Up 2.3 %
OTCMKTS BTGOF opened at $1.75 on Monday. The firm’s 50 day simple moving average is $1.84 and its 200 day simple moving average is $1.83. BT Group has a 1 year low of $1.25 and a 1 year high of $2.06.
Analyst Upgrades and Downgrades
Separately, Barclays lowered BT Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, December 10th.
About BT Group
BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Consumer, Enterprise, Global, and Openreach segments. The company builds, owns, and operates fixed and mobile networks; and designs, builds, markets, sells, and supports network access, connectivity, and related solutions.
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