Helios Towers plc (OTCMKTS:HTWSF) Sees Significant Increase in Short Interest

Helios Towers plc (OTCMKTS:HTWSF) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 10,238 shares, an increase of 1,318.0% from the April 15th total of 722 shares. Based on an average daily trading volume, of 9,233 shares, the days-to-cover ratio is presently 1.1 days.

Helios Towers Price Performance

HTWSF stock remained flat at $3.24 during mid-day trading on Wednesday. Helios Towers has a 12 month low of $1.50 and a 12 month high of $3.34. The company’s fifty day simple moving average is $2.60 and its 200 day simple moving average is $2.38.

Analyst Ratings Changes

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Helios Towers in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently 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.