BT Group plc (OTCMKTS:BTGOF) Short Interest Up 20.5% in December

BT Group plc (OTCMKTS:BTGOF) was the target 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.

Wall Street Analyst Weigh In

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

BT Group Price Performance

Shares of BTGOF traded down $0.00 during mid-day trading on Friday, hitting $1.76. The company’s stock had a trading volume of 35,989 shares, compared to its average volume of 125,573. The company’s 50-day moving average is $1.86 and its 200-day moving average is $1.84. BT Group has a 52-week low of $1.25 and a 52-week 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.