Short Interest in Eutelsat Group (OTCMKTS:ETCMY) Drops By 19.5%

Eutelsat Group (OTCMKTS:ETCMY) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 10,700 shares, a drop of 19.5% from the January 15th total of 13,300 shares. Based on an average daily trading volume, of 3,300 shares, the short-interest ratio is presently 3.2 days.

Eutelsat Group Stock Performance

Eutelsat Group stock traded down $0.14 during mid-day trading on Monday, hitting $0.39. 4,346 shares of the company were exchanged, compared to its average volume of 2,121. Eutelsat Group has a 12-month low of $0.39 and a 12-month high of $1.28. The business’s 50 day simple moving average is $0.60 and its two-hundred day simple moving average is $0.90.

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.