Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) Short Interest Update

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 8,380 shares, a decline of 83.8% from the August 31st total of 51,613 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 419,738 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CLLNY. Barclays upgraded shares of Cellnex Telecom to an “overweight” rating in a research report on Monday, August 24th. The Goldman Sachs Group downgraded Cellnex Telecom from a “hold” rating to a “sell” rating in a report on Friday, September 4th. Finally, UBS Group lowered Cellnex Telecom to a “neutral” rating in a research note on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Cellnex Telecom Stock Down 0.7%

CLLNY traded down $0.10 during midday trading on Friday, hitting $13.64. The company’s stock had a trading volume of 121,625 shares, compared to its average volume of 176,290. Cellnex Telecom has a 52-week low of $13.61 and a 52-week high of $19.23. The firm has a 50-day moving average price of $14.97 and a two-hundred day moving average price of $15.75.

Cellnex Telecom Company Profile

Cellnex Telecom is a European telecommunications infrastructure company that owns and operates wireless communications sites and related network assets. Its infrastructure supports mobile operators, broadcasters, public-sector organizations and other communications providers by enabling the transmission of voice, data and audiovisual services.

The company’s activities include the deployment, management and leasing of macro towers, small cells and distributed antenna systems. Cellnex also provides connectivity and infrastructure solutions for private networks, smart-city applications, public safety communications and the broadcasting of television and radio signals.

Cellnex was established in 2015 following the separation of Abertis’s telecommunications infrastructure business, although its operating activities have earlier roots.