Short Interest in BT Group plc (OTCMKTS:BTGOF) Drops By 21.6%

BT Group plc (OTCMKTS:BTGOFGet Free Report) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 4,769,200 shares, a decrease of 21.6% from the November 15th total of 6,079,900 shares. Based on an average daily trading volume, of 127,300 shares, the short-interest ratio is currently 37.5 days.

BT Group Price Performance

BTGOF 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 business’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 downgraded shares of BT Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday.

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About BT Group

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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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