Eutelsat Group (OTCMKTS:ETCMY) Stock Short Interest Report for September

Eutelsat Group (OTCMKTS:ETCMY) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 26,446 shares, a drop of 51.8% from the September 15th total of 54,867 shares. Based on an average daily volume of 89,068 shares, the days-to-cover ratio is currently 0.3 days.

Eutelsat Group Stock Up 10.0%

Shares of ETCMY stock traded up $0.04 during trading on Wednesday, hitting $0.46. 78,257 shares of the stock traded hands, compared to its average volume of 32,616. The firm’s fifty day moving average price is $0.54 and its 200-day moving average price is $0.69. Eutelsat Group has a 52-week low of $0.32 and a 52-week high of $1.47.

About Eutelsat Group

Eutelsat Group is a global satellite communications company headquartered in Paris, France. The group operates a fleet of geostationary satellites and the OneWeb low Earth orbit satellite network, providing connectivity and broadcasting services to customers in numerous regions around the world.

The company delivers television and radio broadcasting, broadband internet, enterprise connectivity, government communications and mobility services. Its solutions support homes, businesses, telecommunications operators, public-sector organizations and customers in locations where terrestrial communications infrastructure is limited or unavailable.

Eutelsat Group was created through the combination of Eutelsat Communications and OneWeb, with the transaction completed in 2023.