Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) Shares Shorted: Short Interest Up 317.9% in October

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 30,938 shares, a growth of 317.9% from the September 30th total of 7,404 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 319,771 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CLLNY. Barclays upgraded shares of Cellnex Telecom to an “overweight” rating in a report on Monday, August 24th. UBS Group lowered shares of Cellnex Telecom to a “neutral” rating in a report on Tuesday, August 18th. Finally, The Goldman Sachs Group cut shares of Cellnex Telecom from a “hold” rating to a “sell” rating in a research report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Cellnex Telecom Trading Up 0.2%

Shares of OTCMKTS CLLNY opened at $14.19 on Wednesday. Cellnex Telecom has a 52-week low of $12.28 and a 52-week high of $19.23. The stock has a 50 day moving average price of $14.25 and a 200 day moving average price of $15.67.

Cellnex Telecom Company Profile

Cellnex Telecom is a European telecommunications infrastructure company that operates wireless communications sites and related networks. The company provides infrastructure used by mobile network operators, broadcasters, public authorities and other organizations to deliver connectivity and communications services.

Its portfolio includes macro towers, rooftop sites, distributed antenna systems, small-cell networks and fiber-connected infrastructure. Cellnex also manages broadcasting infrastructure and develops connectivity solutions for smart cities, private networks, public safety and the Internet of Things.

Headquartered in Barcelona, Cellnex was established in 2015 following the reorganization of Abertis’s telecommunications infrastructure business.