Helios Towers plc (OTCMKTS:HTWSF) Short Interest Up 891.3% in July

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

Wall Street Analyst Weigh In

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

Helios Towers Stock Performance

OTCMKTS:HTWSF opened at $2.76 on Monday. Helios Towers has a 12-month low of $1.52 and a 12-month high of $3.35. The stock’s fifty day simple moving average is $2.91 and its 200-day simple moving average is $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.