BT Group plc (OTCMKTS:BTGOF – Get Free Report) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 4,769,200 shares, a drop of 21.6% from the November 15th total of 6,079,900 shares. Based on an average daily volume of 127,300 shares, the short-interest ratio is currently 37.5 days.
BT Group Stock Performance
BT Group stock opened at $1.86 on Friday. BT Group has a 52-week low of $1.25 and a 52-week high of $2.06. The company’s 50 day moving average is $1.88 and its two-hundred day moving average is $1.82.
Wall Street Analysts Forecast Growth
Separately, Barclays cut BT Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday.
BT Group Company Profile
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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