Eutelsat Communications (OTCMKTS:EUTLF) Sees Significant Increase in Short Interest

Eutelsat Communications (OTCMKTS:EUTLF) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 85,831 shares, a growth of 26.0% from the March 15th total of 68,135 shares. Based on an average daily trading volume, of 8,846 shares, the short-interest ratio is currently 9.7 days. Currently, 0.0% of the shares of the stock are sold short.

Eutelsat Communications Trading Up 6.6%

Shares of OTCMKTS:EUTLF opened at $2.92 on Thursday. Eutelsat Communications has a 1 year low of $1.72 and a 1 year high of $5.26. The business’s 50 day moving average price is $2.48 and its 200-day moving average price is $2.89.

Eutelsat Communications Company Profile

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.