Short Interest in Cellnex Telecom, S.A. (OTCMKTS:CLNXF) Drops By 36.5%

Cellnex Telecom, S.A. (OTCMKTS:CLNXF) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 739,100 shares, a drop of 36.5% from the December 31st total of 1,163,918 shares. Based on an average daily volume of 2,207 shares, the days-to-cover ratio is currently 334.9 days. Based on an average daily volume of 2,207 shares, the days-to-cover ratio is currently 334.9 days.

Cellnex Telecom Trading Down 1.4%

CLNXF stock opened at $30.64 on Friday. Cellnex Telecom has a 1-year low of $28.67 and a 1-year high of $40.61. The firm has a fifty day moving average price of $30.93 and a two-hundred day moving average price of $33.35.

Cellnex Telecom Company Profile

Cellnex Telecom is a leading independent operator of wireless telecommunications infrastructure in Europe. Headquartered in Madrid, the company specializes in the development, management and leasing of passive and active network assets for mobile network operators, broadcasters, public safety agencies and enterprise clients. Its core offerings include traditional tower sites, rooftop installations and in-building distributed antenna systems (DAS), alongside newer solutions such as small cells, fiber connectivity and edge computing nodes.

Founded in 2015 as a spin-off from Abertis Infraestructuras, Cellnex has grown rapidly through a combination of organic roll-outs and strategic acquisitions.