BT Group plc (OTCMKTS:BTGOF) Sees Large Increase in Short Interest

BT Group plc (OTCMKTS:BTGOF) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 5,746,100 shares, a growth of 20.5% from the November 30th total of 4,769,200 shares. Based on an average daily volume of 92,000 shares, the days-to-cover ratio is currently 62.5 days.

Wall Street Analysts Forecast Growth

Separately, Barclays cut shares of BT Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, December 10th.

BT Group Stock Performance

Shares of BTGOF stock traded up $0.02 during trading hours on Tuesday, hitting $1.79. The company had a trading volume of 34,583 shares, compared to its average volume of 125,194. BT Group has a fifty-two week low of $1.25 and a fifty-two week high of $2.06. The company’s fifty day moving average is $1.86 and its 200 day moving average is $1.84.

About BT Group

BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Consumer, Enterprise, Global, and Openreach segments. The company builds, owns, and operates fixed and mobile networks; and designs, builds, markets, sells, and supports network access, connectivity, and related solutions.