Eutelsat Communications (OTCMKTS:EUTLF – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 628,749 shares, a growth of 183.8% from the May 14th total of 221,572 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 81,201 shares, the days-to-cover ratio is presently 7.7 days.
Eutelsat Communications Stock Down 3.7%
EUTLF stock opened at $3.35 on Friday. Eutelsat Communications has a 1 year low of $1.72 and a 1 year high of $5.36. The company has a fifty day simple moving average of $3.42 and a 200 day simple moving average of $2.79.
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.
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