Eutelsat Group (OTCMKTS:ETCMY – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 52,860 shares, a growth of 99.9% from the September 30th total of 26,446 shares. Based on an average daily trading volume, of 70,277 shares, the days-to-cover ratio is presently 0.8 days.
Eutelsat Group Price Performance
OTCMKTS ETCMY traded down $0.07 during midday trading on Friday, hitting $0.53. The company had a trading volume of 55,049 shares, compared to its average volume of 37,816. The firm has a 50-day moving average price of $0.52 and a 200-day moving average price of $0.67. Eutelsat Group has a twelve month low of $0.32 and a twelve month high of $1.47.
About Eutelsat Group
Eutelsat Group is a satellite communications company headquartered in Paris, France. The group operates a multi-orbit satellite network combining geostationary satellites with the low Earth orbit constellation operated through its OneWeb business. It provides connectivity and broadcasting services to customers across Europe, the Middle East, Africa, Asia-Pacific and the Americas.
The company’s services include satellite television and radio distribution, broadband internet access, enterprise connectivity, government communications, and connectivity for aviation and maritime users.
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