BT Group plc (OTCMKTS:BTGOF – Get Free Report) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 5,340,000 shares, a decline of 7.1% from the December 15th total of 5,746,100 shares. Based on an average daily trading volume, of 83,200 shares, the days-to-cover ratio is presently 64.2 days.
BT Group Price Performance
Shares of OTCMKTS BTGOF opened at $1.75 on Friday. BT Group has a twelve month low of $1.25 and a twelve month high of $2.06. The company’s fifty day moving average is $1.84 and its 200-day moving average is $1.83.
Analysts Set New Price Targets
Separately, Barclays downgraded shares of BT Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, December 10th.
BT Group Company Profile
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.
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