Short Interest in Eutelsat Communications S.A. (OTCMKTS:ETCMY) Rises By 45.7%

Eutelsat Communications S.A. (OTCMKTS:ETCMY) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 10,200 shares, a growth of 45.7% from the August 15th total of 7,000 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is currently 3.4 days.

Several research firms have recently commented on ETCMY. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Eutelsat Communications in a report on Thursday, July 8th. Barclays reissued an “overweight” rating on shares of Eutelsat Communications in a report on Tuesday, August 3rd. Finally, Societe Generale reissued a “buy” rating on shares of Eutelsat Communications in a report on Thursday, August 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Eutelsat Communications currently has a consensus rating of “Hold”.

ETCMY stock traded down $0.02 during midday trading on Monday, hitting $2.94. 2,400 shares of the stock were exchanged, compared to its average volume of 2,664. The stock’s 50-day moving average price is $2.95 and its 200-day moving average price is $3.04. Eutelsat Communications has a fifty-two week low of $2.42 and a fifty-two week high of $3.46.

About Eutelsat Communications

Eutelsat Communications SA offers satellite-based telecommunication solutions. Its clients includes content and media providers from the private and public sectors such as government agencies, data science firms, fixed, and global mobile broadband markets. The company was founded in 1977 and is headquartered in Paris, France.

Read More: What is the S&P/ASX 200 Index?

Receive News & Ratings for Eutelsat Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eutelsat Communications and related companies with MarketBeat.com's FREE daily email newsletter.