Eutelsat Group (OTCMKTS:EUTLF) Short Interest Up 13.7% in March

Eutelsat Group (OTCMKTS:EUTLF) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 94,900 shares, an increase of 13.7% from the March 15th total of 83,500 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 949.0 days.

Eutelsat Group Price Performance

Eutelsat Group stock remained flat at $4.11 during midday trading on Tuesday. The company had a trading volume of 250 shares, compared to its average volume of 897. Eutelsat Group has a twelve month low of $3.73 and a twelve month high of $7.15. The stock’s 50-day moving average price is $4.10 and its 200-day moving average price is $4.46.

About Eutelsat Group

Eutelsat Group, together with its subsidiaries, engages in the operation of telecommunication satellites. It provides capacity for video services, fixed data, and government services; and capacity in connectivity applications, such as fixed broadband and mobile connectivity. The company offers its services under the Eutelsat brand directly and through distributors.