BT Group plc (OTCMKTS:BTGOF – Get Free Report) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 5,340,000 shares, a decrease of 7.1% from the December 31st total of 5,746,100 shares. Based on an average trading volume of 83,200 shares, the days-to-cover ratio is presently 64.2 days.
BT Group Price Performance
Shares of OTCMKTS:BTGOF opened at $1.79 on Monday. The stock’s 50-day moving average price is $1.83 and its two-hundred day moving average price is $1.83. BT Group has a 12-month low of $1.25 and a 12-month high of $2.06.
Wall Street Analyst Weigh In
Separately, Barclays cut BT Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, December 10th.
About BT Group
BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Consumer, Enterprise, Global, and Openreach segments. The company builds, owns, and operates fixed and mobile networks; and designs, builds, markets, sells, and supports network access, connectivity, and related solutions.
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