Eutelsat Communications (OTCMKTS:EUTLF) Short Interest Update

Eutelsat Communications (OTCMKTS:EUTLF) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 628,749 shares, an increase of 183.8% from the May 14th total of 221,572 shares. Based on an average trading volume of 81,201 shares, the days-to-cover ratio is currently 7.7 days. Approximately 0.1% of the company’s stock are sold short.

Eutelsat Communications Trading Up 1.7%

OTCMKTS:EUTLF traded up $0.06 during trading hours on Friday, reaching $3.30. 7,156 shares of the stock were exchanged, compared to its average volume of 12,602. Eutelsat Communications has a twelve month low of $1.72 and a twelve month high of $5.36. The firm has a 50 day moving average of $3.40 and a 200 day moving average of $2.78.

About Eutelsat Communications

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.