Short Interest in Eutelsat Group (OTCMKTS:ETCMY) Declines By 31.3%

Eutelsat Group (OTCMKTS:ETCMY) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 100,100 shares, a drop of 31.3% from the March 15th total of 145,700 shares. Based on an average daily trading volume, of 216,800 shares, the short-interest ratio is presently 0.5 days.

Eutelsat Group Price Performance

Shares of ETCMY traded up $0.04 during mid-day trading on Friday, hitting $1.19. The stock had a trading volume of 2,473 shares, compared to its average volume of 79,671. Eutelsat Group has a fifty-two week low of $0.33 and a fifty-two week high of $2.60. The company’s fifty day simple moving average is $1.08 and its two-hundred day simple moving average is $0.91.

Eutelsat Group Company Profile

Eutelsat Group, together with its subsidiaries, engages in the operation of telecommunication satellites. It provides capacity for video services, fixed data, and government services; and capacity in connectivity applications, such as fixed broadband and mobile connectivity. The company offers its services under the Eutelsat brand directly and through distributors.