Eutelsat Group (OTCMKTS:ETCMY) Short Interest Update

Eutelsat Group (OTCMKTS:ETCMY) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 145,700 shares, an increase of 816.4% from the February 28th total of 15,900 shares. Based on an average daily trading volume, of 494,800 shares, the days-to-cover ratio is currently 0.3 days.

Eutelsat Group Stock Down 9.6 %

Shares of OTCMKTS ETCMY opened at $1.22 on Friday. The firm’s 50-day moving average price is $0.87 and its 200-day moving average price is $0.90. Eutelsat Group has a 52-week low of $0.33 and a 52-week high of $2.60.

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.