BT Group plc (OTCMKTS:BTGOF) Short Interest Up 53.2% in September

BT Group plc (OTCMKTS:BTGOF) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 12,714,800 shares, an increase of 53.2% from the September 15th total of 8,301,900 shares. Based on an average daily volume of 24,700 shares, the days-to-cover ratio is presently 514.8 days. Based on an average daily volume of 24,700 shares, the days-to-cover ratio is presently 514.8 days.

BT Group Stock Performance

Shares of BTGOF stock opened at $2.45 on Wednesday. BT Group has a 12-month low of $1.60 and a 12-month high of $2.97. The firm has a 50 day moving average price of $2.66 and a two-hundred day moving average price of $2.50.

Analysts Set New Price Targets

BTGOF has been the subject of a number of research reports. BNP Paribas cut BT Group to an “underperform” rating in a report on Thursday, October 2nd. New Street Research lowered BT Group to a “neutral” rating in a research report on Tuesday, September 30th. Citigroup restated a “sell” rating on shares of BT Group in a research note on Monday, September 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of BT Group in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

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.