Eutelsat Group (OTCMKTS:ETCMY – Get Free Report) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 123,999 shares, a growth of 739.7% from the June 15th total of 14,767 shares. Based on an average daily volume of 73,935 shares, the days-to-cover ratio is currently 1.7 days.
Eutelsat Group Stock Performance
ETCMY stock traded down $0.03 during midday trading on Friday, hitting $0.69. The company’s stock had a trading volume of 40,203 shares, compared to its average volume of 36,550. The firm’s 50-day moving average is $0.86 and its 200-day moving average is $0.72. Eutelsat Group has a 12 month low of $0.45 and a 12 month high of $1.47.
About Eutelsat Group
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.
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