China Tower Co. Limited (OTCMKTS:CHWRF) Short Interest Up 120.6% in August

China Tower Co. Limited (OTCMKTS:CHWRF) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 4,209,098 shares, an increase of 120.6% from the July 30th total of 1,908,202 shares. Based on an average daily volume of 240 shares, the days-to-cover ratio is currently 17,537.9 days.

China Tower Stock Performance

Shares of OTCMKTS:CHWRF opened at $1.10 on Monday. The business has a 50 day moving average price of $1.13 and a 200 day moving average price of $1.25. China Tower has a twelve month low of $0.98 and a twelve month high of $1.80.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded China Tower to a “sell” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, China Tower has an average rating of “Sell”.

China Tower Company Profile

China Tower Corporation Limited is a leading provider of telecommunications infrastructure services in the People’s Republic of China. The company designs, builds, owns and operates a nationwide network of communications towers, base stations and ancillary infrastructure. Its core offerings include site acquisition, tower construction and maintenance, power supply solutions and network integration services, supporting multiple generations of mobile communications standards including 2G, 3G, 4G and 5G.

Established in 2014 as a joint venture by China Mobile, China Unicom and China Telecom, China Tower was created to consolidate tower assets and enhance efficiency in network deployment across China’s vast geography.