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

Helios Towers plc (OTCMKTS:HTWSF) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 20,587 shares, a decline of 38.9% from the May 31st total of 33,707 shares. Based on an average daily volume of 11,017 shares, the days-to-cover ratio is presently 1.9 days.

Helios Towers Stock Up 1.3%

HTWSF stock traded up $0.04 during midday trading on Thursday, hitting $2.73. The stock had a trading volume of 157 shares, compared to its average volume of 9,469. The stock has a 50-day simple moving average of $2.99 and a 200 day simple moving average of $2.63. Helios Towers has a 52 week low of $1.52 and a 52 week high of $3.35.

Wall Street Analyst Weigh In

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

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.