Eutelsat Group (OTCMKTS:ETCMY – Get Free Report) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 14,767 shares, a decrease of 91.8% from the May 31st total of 180,071 shares. Based on an average daily trading volume, of 135,831 shares, the short-interest ratio is presently 0.1 days.
Eutelsat Group Stock Up 1.7%
Eutelsat Group stock traded up $0.01 during trading hours on Friday, hitting $0.66. 17,790 shares of the company traded hands, compared to its average volume of 37,526. Eutelsat Group has a 1-year low of $0.45 and a 1-year high of $1.47. The firm’s 50-day simple moving average is $0.87 and its two-hundred day simple moving average is $0.72.
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.
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