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

Eutelsat Group (OTCMKTS:ETCMY) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 5,100 shares, a growth of 96.2% from the November 15th total of 2,600 shares. Based on an average trading volume of 600 shares, the short-interest ratio is presently 8.5 days.

Eutelsat Group Stock Performance

Shares of OTCMKTS:ETCMY remained flat at $0.91 during midday trading on Friday. 2,200 shares of the company traded hands, compared to its average volume of 2,345. The firm has a fifty day moving average price of $1.00 and a two-hundred day moving average price of $1.06. Eutelsat Group has a 1-year low of $0.71 and a 1-year high of $1.28.

Eutelsat Group Company Profile

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.