Eutelsat Group (OTCMKTS:ETCMY) Sees Large Growth in Short Interest

Eutelsat Group (OTCMKTS:ETCMY) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 145,700 shares, a growth of 816.4% from the February 28th total of 15,900 shares. Based on an average daily volume of 494,800 shares, the days-to-cover ratio is currently 0.3 days.

Eutelsat Group Price Performance

Shares of OTCMKTS:ETCMY traded down $0.13 on Thursday, hitting $1.22. The company had a trading volume of 52,610 shares, compared to its average volume of 101,456. The stock has a 50 day moving average price of $0.85 and a 200 day moving average price of $0.90. Eutelsat Group has a 1-year low of $0.33 and a 1-year high of $2.60.

Eutelsat Group Company Profile

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.