BT Group plc (OTCMKTS:BTGOF – Get Free Report) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 5,340,000 shares, a decrease of 7.1% from the December 31st total of 5,746,100 shares. Based on an average daily trading volume, of 83,200 shares, the days-to-cover ratio is currently 64.2 days.
BT Group Stock Performance
BTGOF stock opened at $1.79 on Monday. BT Group has a 12-month low of $1.25 and a 12-month high of $2.06. The business’s 50-day moving average is $1.83 and its 200 day moving average is $1.83.
Wall Street Analyst Weigh In
Separately, Barclays lowered BT Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, December 10th.
BT Group Company Profile
BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Consumer, Enterprise, Global, and Openreach segments. The company builds, owns, and operates fixed and mobile networks; and designs, builds, markets, sells, and supports network access, connectivity, and related solutions.
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