China Tower Co. Limited (OTCMKTS:CHWRF) Stock Short Interest Climbs 84.8%

China Tower Co. Limited (OTCMKTS:CHWRF) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 20,140,600 shares, a growth of 84.8% from the September 15th total of 10,900,600 shares. Based on an average daily volume of 467 shares, the short-interest ratio is presently 43,127.6 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut shares of China Tower to a “sell” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, China Tower has an average rating of “Sell”.

China Tower Stock Performance

Shares of OTCMKTS:CHWRF opened at $1.16 on Friday. The firm has a 50 day simple moving average of $1.13 and a 200 day simple moving average of $1.20. China Tower has a 52 week low of $0.92 and a 52 week high of $1.80.

China Tower Company Profile

China Tower Corporation Limited is a telecommunications infrastructure company based in China. Established in 2014, it was created through the consolidation of tower assets operated by China’s major telecommunications carriers and was listed on the Hong Kong Stock Exchange in 2018. The company’s American depositary securities trade over the counter under the symbol CHWRF.

China Tower primarily builds, operates and leases telecommunications tower infrastructure. Its services include providing macrocell towers, small-cell facilities and other site resources used by wireless operators to deploy and maintain mobile networks.