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

Eutelsat Group (OTCMKTS:ETCMY) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,751 shares, a decline of 91.9% from the July 30th total of 21,661 shares. Based on an average trading volume of 35,790 shares, the short-interest ratio is currently 0.0 days.

Eutelsat Group Stock Up 5.4%

Shares of Eutelsat Group stock traded up $0.03 during trading hours on Tuesday, hitting $0.59. The company’s stock had a trading volume of 25,095 shares, compared to its average volume of 32,688. The stock has a 50 day moving average of $0.67 and a 200 day moving average of $0.72. Eutelsat Group has a 12 month low of $0.45 and a 12 month high of $1.47.

About Eutelsat Group

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.