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

Eutelsat Group (OTCMKTS:ETCMY) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 180,071 shares, an increase of 179,971.0% from the May 14th total of 100 shares. Based on an average daily volume of 316,533 shares, the short-interest ratio is presently 0.6 days.

Eutelsat Group Stock Performance

Shares of ETCMY stock traded down $0.00 on Tuesday, reaching $0.87. 37,845 shares of the stock were exchanged, compared to its average volume of 36,594. The business’s 50 day moving average price is $0.82 and its 200 day moving average price is $0.73. Eutelsat Group has a twelve month low of $0.45 and a twelve month high of $1.47.

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.