Eutelsat Group (OTCMKTS:ETCMY) Sees Significant Increase in Short Interest

Eutelsat Group (OTCMKTS:ETCMY) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 123,999 shares, an increase of 739.7% from the June 15th total of 14,767 shares. Based on an average trading volume of 73,935 shares, the days-to-cover ratio is presently 1.7 days.

Eutelsat Group Stock Performance

Eutelsat Group stock opened at $0.69 on Monday. The company has a 50-day moving average price of $0.86 and a 200 day moving average price of $0.72. Eutelsat Group has a 12-month low of $0.45 and a 12-month high of $1.47.

Eutelsat Group Company Profile

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.