Eutelsat Communications (OTCMKTS:EUTLF) Sees Significant Growth in Short Interest

Eutelsat Communications (OTCMKTS:EUTLF) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 531,606 shares, a growth of 340.2% from the November 30th total of 120,754 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 10,136 shares, the days-to-cover ratio is presently 52.4 days. Based on an average daily trading volume, of 10,136 shares, the days-to-cover ratio is presently 52.4 days. Approximately 0.2% of the company’s shares are sold short.

Eutelsat Communications Stock Down 0.5%

Eutelsat Communications stock opened at $2.06 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.94. Eutelsat Communications has a 52-week low of $1.45 and a 52-week high of $9.22. The company’s 50 day moving average is $3.22 and its two-hundred day moving average is $3.59.

About Eutelsat Communications

Eutelsat Communications SA is a leading satellite operator that provides capacity and broadcast services to video broadcasters, telecom operators, data and Internet service providers, governments and institutions worldwide. The company designs, builds and operates a fleet of geostationary satellites that deliver video, data, broadband and connectivity solutions for a wide range of end markets. Its services support direct-to-home television distribution, multimedia content delivery, in-flight connectivity, maritime communications and enterprise networks.

With coverage spanning Europe, the Middle East, Africa, Asia-Pacific and the Americas, Eutelsat’s satellite constellation enables customers to reach audiences and end users across diverse regions.