Short Interest in Eutelsat Group (OTCMKTS:ETCMY) Increases By 96.2%

Eutelsat Group (OTCMKTS:ETCMY) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 5,100 shares, a growth of 96.2% from the November 15th total of 2,600 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 8.5 days.

Eutelsat Group Price Performance

Shares of Eutelsat Group stock remained flat at $0.91 during trading hours on Friday. Eutelsat Group has a 52-week low of $0.71 and a 52-week high of $1.28. The firm’s 50-day simple moving average is $1.00 and its two-hundred day simple moving average is $1.06.

About Eutelsat Group

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.