Short Interest in Eutelsat Group (OTCMKTS:ETCMY) Declines By 43.5%

Eutelsat Group (OTCMKTS:ETCMY) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 20,708 shares, a decline of 43.5% from the January 15th total of 36,635 shares. Based on an average daily volume of 56,835 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 56,835 shares, the days-to-cover ratio is currently 0.4 days.

Eutelsat Group Stock Up 4.2%

OTCMKTS ETCMY opened at $0.69 on Friday. Eutelsat Group has a one year low of $0.33 and a one year high of $2.60. The company has a 50-day simple moving average of $0.66 and a 200-day simple moving average of $0.84.

Eutelsat Group Company Profile

Eutelsat Group (OTCMKTS:ETCMY) is a leading global satellite operator providing video, data and connectivity solutions. The company’s fleet of geostationary satellites delivers broadcast television, video distribution and telecommunications services to broadcasters, content providers, network operators and enterprises. It also offers high-throughput broadband connectivity for fixed, cellular backhaul, maritime and in-flight entertainment applications, as well as dedicated solutions for government and defense customers.

Founded in 1977 and headquartered in Paris, Eutelsat Group operates a network of more than 40 satellites positioned over Europe, the Middle East, Africa, Asia-Pacific and the Americas.