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

Eutelsat Group (OTCMKTS:ETCMY) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 25,505 shares, a growth of 23.2% from the January 29th total of 20,708 shares. Based on an average trading volume of 19,091 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 19,091 shares, the short-interest ratio is currently 1.3 days.

Eutelsat Group Price Performance

Eutelsat Group stock opened at $0.61 on Thursday. The company’s 50 day simple moving average is $0.66 and its 200 day simple moving average is $0.82. Eutelsat Group has a fifty-two week low of $0.45 and a fifty-two week high of $2.60.

About Eutelsat Group

Eutelsat Group (OTCMKTS:ETCMY) is a leading global satellite operator providing video, data and connectivity solutions. The company’s fleet of geostationary satellites delivers broadcast television, video distribution and telecommunications services to broadcasters, content providers, network operators and enterprises. It also offers high-throughput broadband connectivity for fixed, cellular backhaul, maritime and in-flight entertainment applications, as well as dedicated solutions for government and defense customers.

Founded in 1977 and headquartered in Paris, Eutelsat Group operates a network of more than 40 satellites positioned over Europe, the Middle East, Africa, Asia-Pacific and the Americas.