BT Group plc (OTCMKTS:BTGOF – Get Free Report) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 5,340,000 shares, a drop of 7.1% from the December 15th total of 5,746,100 shares. Based on an average daily trading volume, of 83,200 shares, the short-interest ratio is presently 64.2 days.
BT Group Stock Performance
BT Group stock opened at $1.75 on Monday. BT Group has a 1-year low of $1.25 and a 1-year high of $2.06. The firm’s fifty day simple moving average is $1.84 and its 200-day simple moving average is $1.83.
Analysts Set New Price Targets
Separately, Barclays downgraded shares of BT Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, December 10th.
About BT Group
BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Consumer, Enterprise, Global, and Openreach segments. The company builds, owns, and operates fixed and mobile networks; and designs, builds, markets, sells, and supports network access, connectivity, and related solutions.
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