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

Eutelsat Communications (OTCMKTS:EUTLF) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 227,000 shares, anincreaseof187.0% from the July 31st total of 79,100 shares. Based on an average daily volume of 21,300 shares, the short-interest ratio is presently 10.7 days. Based on an average daily volume of 21,300 shares, the short-interest ratio is presently 10.7 days.

Eutelsat Communications Stock Up 2.5%

Shares of EUTLF stock opened at $3.37 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average of $3.85 and a 200-day moving average of $4.09. Eutelsat Communications has a one year low of $1.45 and a one year high of $9.22.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets upgraded shares of Eutelsat Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

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.