Short Interest in BT Group plc (OTCMKTS:BTGOF) Increases By 20.5%

BT Group plc (OTCMKTS:BTGOF) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 5,746,100 shares, an increase of 20.5% from the November 30th total of 4,769,200 shares. Based on an average daily volume of 92,000 shares, the short-interest ratio is presently 62.5 days.

BT Group Trading Down 0.2 %

Shares of OTCMKTS BTGOF traded down $0.00 during midday trading on Friday, hitting $1.76. The company’s stock had a trading volume of 35,989 shares, compared to its average volume of 125,573. The business’s 50 day moving average is $1.86 and its two-hundred day moving average is $1.84. BT Group has a 12-month low of $1.25 and a 12-month high of $2.06.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded BT Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, December 10th.

About BT Group

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.