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

Eutelsat Group (OTCMKTS:ETCMY) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 36,635 shares, a growth of 387.2% from the December 31st total of 7,520 shares. Based on an average daily volume of 89,105 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 89,105 shares, the short-interest ratio is currently 0.4 days.

Eutelsat Group Stock Performance

Shares of Eutelsat Group stock opened at $0.68 on Wednesday. Eutelsat Group has a 12 month low of $0.33 and a 12 month high of $2.60. The business has a 50-day moving average of $0.72 and a 200 day moving average of $0.87.

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.