Eutelsat Group (OTCMKTS:ETCMY) Short Interest Up 373.6% in August

Eutelsat Group (OTCMKTS:ETCMY) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 8,293 shares, an increase of 373.6% from the August 15th total of 1,751 shares. Based on an average trading volume of 21,287 shares, the days-to-cover ratio is presently 0.4 days.

Eutelsat Group Stock Performance

ETCMY traded up $0.01 during midday trading on Friday, reaching $0.55. 8,666 shares of the company were exchanged, compared to its average volume of 32,074. Eutelsat Group has a one year low of $0.45 and a one year high of $1.47. The company’s fifty day moving average price is $0.62 and its 200 day moving average price is $0.71.

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.