Short Interest in Eutelsat Group (OTCMKTS:ETCMY) Decreases By 43.5%

Eutelsat Group (OTCMKTS:ETCMY) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 20,708 shares, a decrease of 43.5% from the January 15th total of 36,635 shares. Based on an average daily trading volume, of 56,835 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 56,835 shares, the short-interest ratio is presently 0.4 days.

Eutelsat Group Stock Performance

ETCMY opened at $0.69 on Friday. Eutelsat Group has a twelve month low of $0.33 and a twelve month high of $2.60. The firm’s 50-day moving average price is $0.66 and its 200 day moving average price is $0.84.

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.