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

BT Group plc (OTCMKTS:BTGOF) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 5,340,000 shares, a drop 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.

Analyst Upgrades and Downgrades

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 Trading Up 2.3 %

Shares of BTGOF stock opened at $1.75 on Friday. The firm’s 50 day moving average is $1.84 and its 200-day moving average is $1.83. BT Group has a 1 year low of $1.25 and a 1 year high of $2.06.

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.