Eutelsat Group (OTCMKTS:ETCMY – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 14,767 shares, a drop of 91.8% from the May 31st total of 180,071 shares. Based on an average daily volume of 135,831 shares, the days-to-cover ratio is presently 0.1 days.
Eutelsat Group Trading Down 6.8%
Shares of OTCMKTS ETCMY traded down $0.05 during mid-day trading on Thursday, reaching $0.65. The company had a trading volume of 28,554 shares, compared to its average volume of 37,692. The business’s 50-day moving average is $0.87 and its 200-day moving average is $0.72. Eutelsat Group has a 52 week low of $0.45 and a 52 week high of $1.47.
About Eutelsat Group
Eutelsat Group (OTCMKTS:ETCMY) is a leading global satellite operator providing video, data and connectivity solutions. The company’s fleet of geostationary satellites delivers broadcast television, video distribution and telecommunications services to broadcasters, content providers, network operators and enterprises. It also offers high-throughput broadband connectivity for fixed, cellular backhaul, maritime and in-flight entertainment applications, as well as dedicated solutions for government and defense customers.
Founded in 1977 and headquartered in Paris, Eutelsat Group operates a network of more than 40 satellites positioned over Europe, the Middle East, Africa, Asia-Pacific and the Americas.
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