Helios Towers plc (OTCMKTS:HTWSF) Sees Significant Growth in Short Interest

Helios Towers plc (OTCMKTS:HTWSF) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 187,538 shares, a growth of 891.3% from the June 30th total of 18,919 shares. Based on an average daily trading volume, of 20,251 shares, the short-interest ratio is presently 9.3 days.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Helios Towers in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Helios Towers Stock Up 3.2%

Shares of OTCMKTS HTWSF opened at $2.76 on Friday. Helios Towers has a 1-year low of $1.52 and a 1-year high of $3.35. The company has a fifty day moving average price of $2.91 and a 200 day moving average price of $2.68.

Helios Towers Company Profile

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.