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

Helios Towers plc (OTCMKTS:HTWSF) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 722 shares, a decrease of 77.8% from the March 31st total of 3,246 shares. Based on an average daily volume of 3,241 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Helios Towers in a report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Helios Towers Trading Down 1.1%

Shares of Helios Towers stock traded down $0.03 during trading on Monday, hitting $2.70. 500 shares of the company’s stock were exchanged, compared to its average volume of 10,226. The business has a 50-day simple moving average of $2.56 and a 200-day simple moving average of $2.31. Helios Towers has a 52-week low of $1.42 and a 52-week high of $2.75.

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.