Short Interest in Helios Towers plc (OTCMKTS:HTWSF) Rises By 30.7%

Helios Towers plc (OTCMKTS:HTWSF) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 10,522 shares, a growth of 30.7% from the December 31st total of 8,048 shares. Based on an average daily volume of 31,824 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 31,824 shares, the days-to-cover ratio is currently 0.3 days.

Helios Towers Trading Down 0.2%

OTCMKTS HTWSF opened at $2.44 on Wednesday. Helios Towers has a one year low of $1.14 and a one year high of $2.52. The stock has a 50-day moving average of $2.23 and a 200 day moving average of $1.99.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Helios Towers in a research note on Friday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

About Helios Towers

Helios Towers is a leading independent telecommunications tower company that develops, owns and operates mobile infrastructure across key emerging markets. The company’s core business involves building and managing shared passive infrastructure, including tower sites, rooftop installations and related equipment shelters. By leasing space on its towers to multiple mobile network operators, Helios Towers enables its customers to expand network coverage, enhance service quality and optimize capital expenditure.

Founded in 2007 and headquartered in London, Helios Towers has grown through a combination of greenfield developments and acquisitions.