Eutelsat Group (OTCMKTS:ETCMY) Sees Significant Decrease in Short Interest

Eutelsat Group (OTCMKTS:ETCMY) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 20,708 shares, a decline of 43.5% from the January 15th total of 36,635 shares. Based on an average trading volume of 56,835 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 56,835 shares, the short-interest ratio is currently 0.4 days.

Eutelsat Group Trading Down 1.1%

Shares of ETCMY stock traded down $0.01 during mid-day trading on Friday, reaching $0.66. 13,956 shares of the company’s stock traded hands, compared to its average volume of 29,807. Eutelsat Group has a 12 month low of $0.33 and a 12 month high of $2.60. The firm has a 50 day moving average price of $0.67 and a two-hundred day moving average price of $0.85.

Eutelsat Group Company Profile

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.