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

Helios Towers plc (OTCMKTS:HTWSF) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 7,408 shares, a drop of 29.6% from the January 15th total of 10,522 shares. Based on an average trading volume of 10,198 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 10,198 shares, the short-interest ratio is presently 0.7 days.

Helios Towers Trading Up 1.0%

OTCMKTS:HTWSF traded up $0.03 on Friday, hitting $2.62. 5,950 shares of the company’s stock traded hands, compared to its average volume of 12,102. Helios Towers has a 1 year low of $1.18 and a 1 year high of $2.68. The firm has a 50-day moving average price of $2.29 and a 200-day moving average price of $2.04.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an “overweight” rating on shares of Helios Towers in a research report on Friday, January 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

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.