Short Interest in Eutelsat Group (OTCMKTS:ETCMY) Expands By 160.8%

Eutelsat Group (OTCMKTS:ETCMY) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 13,300 shares, an increase of 160.8% from the November 30th total of 5,100 shares. Based on an average daily trading volume, of 10,200 shares, the days-to-cover ratio is currently 1.3 days.

Eutelsat Group Price Performance

ETCMY opened at $0.64 on Friday. The firm’s fifty day simple moving average is $0.92 and its 200 day simple moving average is $1.03. Eutelsat Group has a 12 month low of $0.62 and a 12 month high of $1.28.

About Eutelsat Group

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.