Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) Short Interest Down 51.7% in May

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 14,298 shares, a decline of 51.7% from the May 14th total of 29,603 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,500,931 shares, the days-to-cover ratio is presently 0.0 days.

Cellnex Telecom Price Performance

CLLNY traded up $0.17 during mid-day trading on Friday, reaching $16.65. 147,227 shares of the stock were exchanged, compared to its average volume of 533,265. The company has a 50 day moving average price of $16.71 and a two-hundred day moving average price of $16.26. Cellnex Telecom has a 1 year low of $14.18 and a 1 year high of $20.09.

Cellnex Telecom Company Profile

Cellnex Telecom SA is a leading independent wireless telecommunications infrastructure operator based in Barcelona, Spain. The company designs, builds and manages telecom tower sites and related connectivity solutions, offering site rental services to mobile network operators, broadcasters and enterprises. Its portfolio includes macro sites, distributed antenna systems (DAS), small cells, in-building coverage, fiber networks and edge computing nodes, all aimed at enhancing voice, data and next-generation digital services.

Founded as a spin-off from Abertis Infraestructuras in 2015, Cellnex launched an initial public offering on the Madrid Stock Exchange in May of that year.