Helios Towers plc (OTCMKTS:HTWSF) Short Interest Update

Helios Towers plc (OTCMKTS:HTWSF) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 459,668 shares, an increase of 145.1% from the July 15th total of 187,538 shares. Based on an average trading volume of 23,500 shares, the short-interest ratio is currently 19.6 days.

Analysts Set New Price Targets

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

Helios Towers Stock Performance

Helios Towers stock opened at $2.80 on Friday. The business has a 50 day simple moving average of $2.78 and a 200 day simple moving average of $2.73. Helios Towers has a one year low of $1.67 and a one year high of $3.35.

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.