Short Interest in Helios Towers plc (OTCMKTS:HTWSF) Expands By 891.3%

Helios Towers plc (OTCMKTS:HTWSF) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 187,538 shares, an increase of 891.3% from the June 30th total of 18,919 shares. Based on an average daily volume of 20,251 shares, the short-interest ratio is presently 9.3 days.

Helios Towers Stock Up 3.2%

Shares of HTWSF traded up $0.09 during mid-day trading on Friday, hitting $2.76. 6,470 shares of the company traded hands, compared to its average volume of 10,468. The stock has a 50-day moving average price of $2.91 and a two-hundred day moving average price of $2.68. Helios Towers has a 1 year low of $1.52 and a 1 year high of $3.35.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Helios Towers in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus 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.