Eutelsat Communications (OTCMKTS:EUTLF) Short Interest Down 60.7% in July

Key Points

• Eutelsat Communications experienced a significant decrease in short interest, with a drop of 60.7% from 201,500 shares to 79,100 shares as of July 31st.
• Analyst ratings for Eutelsat vary, with New Street Research downgrading the stock from "hold" to "strong sell," while Kepler Capital Markets upgraded it from "strong sell" to "hold" earlier in the year.
• The company's stock is currently trading at $3.72, which is below its 50-day and 200-day moving averages of $3.83 and $3.93, respectively.

Eutelsat Communications (OTCMKTS:EUTLF - Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 79,100 shares, adeclineof60.7% from the July 15th total of 201,500 shares. Based on an average trading volume of 22,800 shares, the days-to-cover ratio is currently 3.5 days. Based on an average trading volume of 22,800 shares, the days-to-cover ratio is currently 3.5 days.

Wall Street Analyst Weigh In

EUTLF has been the subject of several recent analyst reports. New Street Research downgraded Eutelsat Communications from a "hold" rating to a "strong sell" rating in a research note on Monday, April 28th. Kepler Capital Markets upgraded Eutelsat Communications from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th.

Eutelsat Communications Price Performance

OTCMKTS:EUTLF traded down $0.05 during midday trading on Friday, hitting $3.72. 4,877 shares of the company traded hands, compared to its average volume of 11,623. The firm's fifty day moving average is $3.83 and its 200-day moving average is $3.93. Eutelsat Communications has a 12-month low of $1.45 and a 12-month high of $9.22. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.24 and a current ratio of 1.36.

About Eutelsat Communications

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.

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