BT Group plc (OTCMKTS:BTGOF – Get Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 6,749,800 shares, an increase of 26.4% from the December 31st total of 5,340,000 shares. Based on an average daily volume of 58,500 shares, the short-interest ratio is presently 115.4 days.
BT Group Stock Performance
Shares of BT Group stock remained flat at $1.79 on Friday. 2 shares of the company’s stock traded hands, compared to its average volume of 22,544. The firm has a 50 day moving average price of $1.83 and a 200-day moving average price of $1.83. BT Group has a 52 week low of $1.25 and a 52 week high of $2.06.
Analysts Set New Price Targets
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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