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

Eutelsat Group (OTCMKTS:ETCMY) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 4,300 shares, a drop of 8.5% from the May 15th total of 4,700 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is presently 8.6 days.

Eutelsat Group Price Performance

Shares of OTCMKTS ETCMY opened at $1.00 on Wednesday. The firm’s 50-day moving average price is $1.06 and its 200-day moving average price is $1.06. Eutelsat Group has a 52-week low of $0.89 and a 52-week high of $1.79.

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.