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

Eutelsat Group (OTCMKTS:ETCMY) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 3,900 shares, an increase of 25.8% from the September 15th total of 3,100 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is currently 2.0 days.

Eutelsat Group Price Performance

Shares of ETCMY stock traded down $0.01 on Tuesday, hitting $1.09. 1,000 shares of the company’s stock traded hands, compared to its average volume of 1,500. The company’s fifty day simple moving average is $1.11 and its 200 day simple moving average is $1.08. Eutelsat Group has a one year low of $0.89 and a one year high of $1.37.

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.