Short Interest in Eutelsat Communications (OTCMKTS:EUTLF) Rises By 99.8%

Eutelsat Communications (OTCMKTS:EUTLF) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 1,255,989 shares, an increase of 99.8% from the May 31st total of 628,749 shares. Based on an average trading volume of 55,991 shares, the days-to-cover ratio is presently 22.4 days. Currently, 0.1% of the company’s stock are short sold.

Eutelsat Communications Stock Performance

EUTLF traded up $0.05 during midday trading on Thursday, reaching $2.78. 899 shares of the company were exchanged, compared to its average volume of 13,581. The company’s fifty day moving average price is $3.42 and its 200 day moving average price is $2.80. Eutelsat Communications has a one year low of $1.72 and a one year high of $5.36.

Eutelsat Communications Company Profile

Eutelsat Communications SA is a leading satellite operator that provides capacity and broadcast services to video broadcasters, telecom operators, data and Internet service providers, governments and institutions worldwide. The company designs, builds and operates a fleet of geostationary satellites that deliver video, data, broadband and connectivity solutions for a wide range of end markets. Its services support direct-to-home television distribution, multimedia content delivery, in-flight connectivity, maritime communications and enterprise networks.

With coverage spanning Europe, the Middle East, Africa, Asia-Pacific and the Americas, Eutelsat’s satellite constellation enables customers to reach audiences and end users across diverse regions.