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

Eutelsat Group (OTCMKTS:ETCMY) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 12,300 shares, a decrease of 7.5% from the December 15th total of 13,300 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is currently 2.6 days.

Eutelsat Group Stock Performance

OTCMKTS ETCMY opened at $0.50 on Monday. The stock’s 50-day simple moving average is $0.76 and its two-hundred day simple moving average is $0.99. Eutelsat Group has a twelve month low of $0.47 and a twelve month 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.