Eutelsat Group (OTCMKTS:ETCMY) Sees Significant Drop in Short Interest

Eutelsat Group (OTCMKTS:ETCMY) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 3,400 shares, a decline of 58.5% from the March 31st total of 8,200 shares. Based on an average daily trading volume, of 2,100 shares, the short-interest ratio is currently 1.6 days.

Eutelsat Group Price Performance

Eutelsat Group stock remained flat at $1.02 during midday trading on Friday. Eutelsat Group has a one year low of $0.89 and a one year high of $1.79. The stock has a 50 day moving average price of $1.04 and a 200-day moving average price of $1.08.

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.