Short Interest in BT Group plc (OTCMKTS:BTGOF) Expands By 20.5%

BT Group plc (OTCMKTS:BTGOF) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 5,746,100 shares, an increase of 20.5% from the November 30th total of 4,769,200 shares. Based on an average trading volume of 92,000 shares, the days-to-cover ratio is currently 62.5 days.

BT Group Price Performance

Shares of OTCMKTS:BTGOF traded up $0.02 during mid-day trading on Monday, reaching $1.79. The stock had a trading volume of 34,583 shares, compared to its average volume of 125,194. The business’s 50 day moving average price is $1.86 and its 200 day moving average price is $1.84. BT Group has a 1 year low of $1.25 and a 1 year high of $2.06.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded shares of BT Group from an “overweight” rating to an “equal weight” rating in a 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.