Short Interest in Eutelsat Communications (OTCMKTS:EUTLF) Increases By 99.8%

Eutelsat Communications (OTCMKTS:EUTLF) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 1,255,989 shares, an increase of 99.8% from the May 31st total of 628,749 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 55,991 shares, the short-interest ratio is currently 22.4 days.

Eutelsat Communications Stock Performance

Shares of EUTLF stock opened at $2.78 on Friday. Eutelsat Communications has a 1 year low of $1.72 and a 1 year high of $5.36. The stock’s 50 day simple moving average is $3.41 and its two-hundred day simple moving average is $2.80.

Eutelsat Communications Company Profile

Eutelsat Communications SA is a leading satellite operator that provides capacity and broadcast services to video broadcasters, telecom operators, data and Internet service providers, governments and institutions worldwide. The company designs, builds and operates a fleet of geostationary satellites that deliver video, data, broadband and connectivity solutions for a wide range of end markets. Its services support direct-to-home television distribution, multimedia content delivery, in-flight connectivity, maritime communications and enterprise networks.

With coverage spanning Europe, the Middle East, Africa, Asia-Pacific and the Americas, Eutelsat’s satellite constellation enables customers to reach audiences and end users across diverse regions.