BT Group plc (OTCMKTS:BTGOF) Sees Significant Growth in Short Interest

BT Group plc (OTCMKTS:BTGOF) was the recipient of a large growth in short interest in 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 trading volume, of 92,000 shares, the days-to-cover ratio is presently 62.5 days.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded BT Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, December 10th.

BT Group Trading Up 1.6 %

BTGOF traded up $0.02 during trading on Tuesday, reaching $1.79. The company’s stock had a trading volume of 34,583 shares, compared to its average volume of 125,194. BT Group has a 1 year low of $1.25 and a 1 year high of $2.06. The firm has a fifty day simple moving average of $1.86 and a two-hundred day simple moving average of $1.84.

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.