Short Interest in Eutelsat Group (OTCMKTS:ETCMY) Expands By 21.4%

Eutelsat Group (OTCMKTS:ETCMY) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 15,900 shares, an increase of 21.4% from the February 13th total of 13,100 shares. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is presently 5.3 days.

Eutelsat Group Stock Down 13.2 %

Shares of ETCMY opened at $1.51 on Thursday. The firm’s 50 day moving average is $0.79 and its 200-day moving average is $0.90. Eutelsat Group has a 12-month low of $0.33 and a 12-month high of $2.60.

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.