Eutelsat Group (OTCMKTS:ETCMY) Short Interest Update
by Renee Jackson · The Cerbat GemEutelsat Group (OTCMKTS:ETCMY – Get Free Report) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 7,473 shares, an increase of 609.7% from the November 30th total of 1,053 shares. Based on an average daily volume of 46,115 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 46,115 shares, the days-to-cover ratio is presently 0.2 days.
Eutelsat Group Trading Up 2.8%
Shares of ETCMY traded up $0.02 during trading hours on Wednesday, reaching $0.56. 63,746 shares of the company traded hands, compared to its average volume of 44,594. Eutelsat Group has a 12 month low of $0.33 and a 12 month high of $2.60. The company’s fifty day moving average price is $0.88 and its two-hundred day moving average price is $0.93.
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.