Eutelsat Group (OTCMKTS:ETCMY – Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 52,860 shares, a growth of 99.9% from the September 30th total of 26,446 shares. Based on an average daily volume of 70,277 shares, the short-interest ratio is currently 0.8 days.
Eutelsat Group Stock Down 11.7%
OTCMKTS:ETCMY traded down $0.07 during trading hours on Friday, hitting $0.53. 55,049 shares of the stock were exchanged, compared to its average volume of 37,816. The company’s 50 day moving average is $0.52 and its two-hundred day moving average is $0.67. Eutelsat Group has a twelve month low of $0.32 and a twelve month high of $1.47.
About Eutelsat Group
Eutelsat Group is a satellite communications company headquartered in Paris, France. The group operates a multi-orbit satellite network combining geostationary satellites with the low Earth orbit constellation operated through its OneWeb business. It provides connectivity and broadcasting services to customers across Europe, the Middle East, Africa, Asia-Pacific and the Americas.
The company’s services include satellite television and radio distribution, broadband internet access, enterprise connectivity, government communications, and connectivity for aviation and maritime users.
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