Eutelsat Group (OTCMKTS:ETCMY) Sees Large Increase in Short Interest

Eutelsat Group (OTCMKTS:ETCMY) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 145,700 shares, a growth of 816.4% from the February 28th total of 15,900 shares. Based on an average daily volume of 494,800 shares, the days-to-cover ratio is presently 0.3 days.

Eutelsat Group Stock Up 45.0 %

Shares of Eutelsat Group stock traded up $0.42 on Thursday, hitting $1.35. 94,749 shares of the company’s stock traded hands, compared to its average volume of 103,136. Eutelsat Group has a one year low of $0.33 and a one year high of $2.60. The company has a fifty day moving average of $0.85 and a two-hundred day moving average of $0.90.

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.