Short Interest in Cellnex Telecom, S.A. (OTCMKTS:CLNXF) Rises By 32.1%

Cellnex Telecom, S.A. (OTCMKTS:CLNXF) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 976,241 shares, a growth of 32.1% from the January 15th total of 739,100 shares. Based on an average daily trading volume, of 4,808 shares, the days-to-cover ratio is presently 203.0 days. Based on an average daily trading volume, of 4,808 shares, the days-to-cover ratio is presently 203.0 days.

Cellnex Telecom Stock Performance

Cellnex Telecom stock opened at $35.25 on Monday. Cellnex Telecom has a 1 year low of $28.67 and a 1 year high of $40.61. The firm has a 50 day moving average price of $31.47 and a 200 day moving average price of $32.94.

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.