Short Interest in Helios Towers plc (OTCMKTS:HTWSF) Drops By 29.6%

Helios Towers plc (OTCMKTS:HTWSF) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 7,408 shares, a decrease of 29.6% from the January 15th total of 10,522 shares. Based on an average trading volume of 10,198 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 10,198 shares, the short-interest ratio is presently 0.7 days.

Helios Towers Price Performance

OTCMKTS HTWSF traded up $0.03 during trading on Monday, hitting $2.62. The company’s stock had a trading volume of 5,950 shares, compared to its average volume of 12,102. The business’s 50 day simple moving average is $2.29 and its 200-day simple moving average is $2.04. Helios Towers has a fifty-two week low of $1.18 and a fifty-two week high of $2.68.

Analysts Set New Price Targets

Separately, Morgan Stanley restated an “overweight” rating on shares of Helios Towers in a research note on Friday, January 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Helios Towers currently has an average rating of “Buy”.

Helios Towers Company Profile

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.