Eutelsat Communications (OTCMKTS:EUTLF) Short Interest Update

Key Points

• Short interest rose 21.4% in April — short interest increased to 104,160 shares as of April 15 (from 85,831 on March 31), resulting in a days-to-cover ratio of 12.3 based on average daily volume of 8,455 shares.
• Share price and technicals — Eutelsat opened at $2.89 (down 2.1%), with a 12‑month range of $1.72–$5.26 and 50‑day/200‑day moving averages of $2.60 and $2.82.

Eutelsat Communications (OTCMKTS:EUTLF - Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 104,160 shares, a growth of 21.4% from the March 31st total of 85,831 shares. Based on an average daily volume of 8,455 shares, the days-to-cover ratio is currently 12.3 days. Currently, 0.0% of the shares of the stock are short sold.

Eutelsat Communications Stock Down 2.1%

Eutelsat Communications stock opened at $2.89 on Thursday. Eutelsat Communications has a 12-month low of $1.72 and a 12-month high of $5.26. The firm's 50-day moving average is $2.60 and its two-hundred day moving average is $2.82.

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.

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