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

Eutelsat Group (OTCMKTS:ETCMY) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 3,700 shares, a drop of 5.1% from the September 30th total of 3,900 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 7.4 days.

Eutelsat Group Stock Performance

ETCMY stock opened at $1.11 on Friday. The company has a fifty day moving average of $1.09 and a 200-day moving average of $1.08. Eutelsat Group has a one year low of $0.89 and a one year high of $1.28.

Eutelsat Group Company Profile

Eutelsat Group, together with its subsidiaries, engages in the operation of telecommunication satellites. It provides capacity for video services, fixed data, and government services; and capacity in connectivity applications, such as fixed broadband and mobile connectivity. The company offers its services under the Eutelsat brand directly and through distributors.