Eutelsat Group (OTCMKTS:ETCMY) Stock Short Interest Report for September

Eutelsat Group (OTCMKTS:ETCMY) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 26,446 shares, a drop of 51.8% from the September 15th total of 54,867 shares. Based on an average daily volume of 89,068 shares, the days-to-cover ratio is currently 0.3 days.

Eutelsat Group Trading Up 10.0%

Shares of OTCMKTS:ETCMY traded up $0.04 on Wednesday, reaching $0.46. The company had a trading volume of 78,257 shares, compared to its average volume of 32,616. Eutelsat Group has a 52-week low of $0.32 and a 52-week high of $1.47. The firm’s 50 day simple moving average is $0.54 and its 200-day simple moving average is $0.69.

Eutelsat Group Company Profile

Eutelsat Group is a global satellite communications company headquartered in Paris, France. The group operates a fleet of geostationary satellites and the OneWeb low Earth orbit satellite network, providing connectivity and broadcasting services to customers in numerous regions around the world.

The company delivers television and radio broadcasting, broadband internet, enterprise connectivity, government communications and mobility services. Its solutions support homes, businesses, telecommunications operators, public-sector organizations and customers in locations where terrestrial communications infrastructure is limited or unavailable.

Eutelsat Group was created through the combination of Eutelsat Communications and OneWeb, with the transaction completed in 2023.