Eutelsat Communications (OTCMKTS:EUTLF) Short Interest Update

Eutelsat Communications (OTCMKTS:EUTLF) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 628,749 shares, an increase of 183.8% from the May 14th total of 221,572 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 81,201 shares, the days-to-cover ratio is presently 7.7 days.

Eutelsat Communications Trading Up 1.7%

Shares of OTCMKTS EUTLF traded up $0.06 during trading hours on Friday, hitting $3.30. The company had a trading volume of 7,156 shares, compared to its average volume of 12,602. Eutelsat Communications has a 1-year low of $1.72 and a 1-year high of $5.36. The firm’s 50 day moving average is $3.40 and its 200-day moving average is $2.78.

Eutelsat Communications Company Profile

Eutelsat Communications SA is a leading satellite operator that provides capacity and broadcast services to video broadcasters, telecom operators, data and Internet service providers, governments and institutions worldwide. The company designs, builds and operates a fleet of geostationary satellites that deliver video, data, broadband and connectivity solutions for a wide range of end markets. Its services support direct-to-home television distribution, multimedia content delivery, in-flight connectivity, maritime communications and enterprise networks.

With coverage spanning Europe, the Middle East, Africa, Asia-Pacific and the Americas, Eutelsat’s satellite constellation enables customers to reach audiences and end users across diverse regions.