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

Eutelsat Group (OTCMKTS:ETCMY) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 1,751 shares, a decrease of 91.9% from the July 30th total of 21,661 shares. Based on an average trading volume of 35,790 shares, the short-interest ratio is presently 0.0 days.

Eutelsat Group Trading Up 5.4%

Shares of OTCMKTS:ETCMY traded up $0.03 during midday trading on Tuesday, reaching $0.59. 25,095 shares of the company were exchanged, compared to its average volume of 32,688. Eutelsat Group has a fifty-two week low of $0.45 and a fifty-two week high of $1.47. The stock has a fifty day simple moving average of $0.67 and a two-hundred day simple moving average of $0.72.

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.