Cellnex Telecom, S.A. (OTCMKTS:CLNXF) Short Interest Down 36.5% in January

Cellnex Telecom, S.A. (OTCMKTS:CLNXF) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 739,100 shares, a decrease of 36.5% from the December 31st total of 1,163,918 shares. Based on an average daily trading volume, of 2,207 shares, the short-interest ratio is presently 334.9 days. Based on an average daily trading volume, of 2,207 shares, the short-interest ratio is presently 334.9 days.

Cellnex Telecom Price Performance

Shares of Cellnex Telecom stock opened at $30.64 on Friday. Cellnex Telecom has a fifty-two week low of $28.67 and a fifty-two week high of $40.61. The business’s fifty day moving average is $30.93 and its two-hundred day moving average is $33.32.

About Cellnex Telecom

Cellnex Telecom is a leading independent operator of wireless telecommunications infrastructure in Europe. Headquartered in Madrid, the company specializes in the development, management and leasing of passive and active network assets for mobile network operators, broadcasters, public safety agencies and enterprise clients. Its core offerings include traditional tower sites, rooftop installations and in-building distributed antenna systems (DAS), alongside newer solutions such as small cells, fiber connectivity and edge computing nodes.

Founded in 2015 as a spin-off from Abertis Infraestructuras, Cellnex has grown rapidly through a combination of organic roll-outs and strategic acquisitions.