Eutelsat Group (OTCMKTS:ETCMY) Short Interest Update

Eutelsat Group (OTCMKTS:ETCMY) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 17,899 shares, a drop of 29.8% from the February 12th total of 25,505 shares. Based on an average daily volume of 22,363 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 22,363 shares, the days-to-cover ratio is currently 0.8 days.

Eutelsat Group Price Performance

Shares of ETCMY stock opened at $0.56 on Friday. The business’s 50-day moving average price is $0.67 and its 200-day moving average price is $0.80. Eutelsat Group has a 12 month low of $0.45 and a 12 month high of $1.85.

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.