Short Interest in Helios Towers plc (OTCMKTS:HTWSF) Expands By 145.1%

Helios Towers plc (OTCMKTS:HTWSF) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 459,668 shares, an increase of 145.1% from the July 15th total of 187,538 shares. Based on an average daily volume of 23,500 shares, the days-to-cover ratio is presently 19.6 days.

Helios Towers Stock Performance

Helios Towers stock remained flat at $2.80 during midday trading on Friday. The company’s 50 day moving average is $2.78 and its two-hundred day moving average is $2.73. Helios Towers has a 52-week low of $1.67 and a 52-week high of $3.35.

Wall Street Analyst Weigh In

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