Short Interest in Eutelsat Group (OTCMKTS:ETCMY) Drops By 85.5%

Eutelsat Group (OTCMKTS:ETCMY) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 100 shares, a decline of 85.5% from the April 30th total of 688 shares. Based on an average trading volume of 28,246 shares, the days-to-cover ratio is currently 0.0 days.

Eutelsat Group Stock Up 7.6%

ETCMY stock traded up $0.10 during mid-day trading on Thursday, reaching $1.35. The company’s stock had a trading volume of 9,541 shares, compared to its average volume of 30,124. Eutelsat Group has a fifty-two week low of $0.45 and a fifty-two week high of $1.47. The company’s 50 day moving average is $0.74 and its two-hundred day moving average is $0.72.

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.