Helios Towers plc (OTCMKTS:HTWSF) Short Interest Up 80.9% in February

Helios Towers plc (OTCMKTS:HTWSF) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 4,711 shares, a growth of 80.9% from the February 12th total of 2,604 shares. Based on an average trading volume of 3,766 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 3,766 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Helios Towers in a research note on Friday, January 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Helios Towers Stock Performance

Shares of Helios Towers stock opened at $2.40 on Friday. Helios Towers has a 1 year low of $1.18 and a 1 year high of $2.75. The company’s fifty day simple moving average is $2.46 and its 200-day simple moving average is $2.17.

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.