Cellnex Telecom, S.A. (OTCMKTS:CLNXF) Short Interest Up 34.0% in March

Cellnex Telecom, S.A. (OTCMKTS:CLNXF) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 1,213,867 shares, an increase of 34.0% from the March 15th total of 905,690 shares. Based on an average daily volume of 11,653 shares, the days-to-cover ratio is currently 104.2 days.

Cellnex Telecom Price Performance

Shares of CLNXF stock opened at $35.44 on Thursday. The company’s fifty day simple moving average is $33.80 and its 200-day simple moving average is $32.48. Cellnex Telecom has a 52 week low of $28.67 and a 52 week high of $40.61.

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.