Eutelsat Group (OTCMKTS:ETCMY) Short Interest Down 7.5% in December

Eutelsat Group (OTCMKTS:ETCMY) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 12,300 shares, a drop of 7.5% from the December 15th total of 13,300 shares. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is presently 2.6 days.

Eutelsat Group Stock Performance

ETCMY remained flat at $0.50 during trading on Friday. Eutelsat Group has a 1-year low of $0.47 and a 1-year high of $1.28. The stock’s 50 day moving average is $0.76 and its 200-day moving average is $0.99.

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.