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

Eutelsat Group (OTCMKTS:ETCMY) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 4,181 shares, an increase of 4,081.0% from the March 31st total of 100 shares. Based on an average daily trading volume, of 19,209 shares, the days-to-cover ratio is currently 0.2 days.

Eutelsat Group Stock Performance

ETCMY opened at $0.76 on Friday. Eutelsat Group has a fifty-two week low of $0.45 and a fifty-two week high of $1.34. The firm’s fifty day moving average is $0.64 and its 200 day moving average is $0.75.

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.