Helios Towers plc (OTCMKTS:HTWSF) Short Interest Down 64.8% in February

Helios Towers plc (OTCMKTS:HTWSF) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 2,604 shares, a decline of 64.8% from the January 29th total of 7,408 shares. Based on an average daily volume of 13,622 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 13,622 shares, the short-interest ratio is presently 0.2 days.

Helios Towers Stock Performance

Shares of OTCMKTS HTWSF remained flat at $2.71 during mid-day trading on Friday. Helios Towers has a 12-month low of $1.18 and a 12-month high of $2.75. The firm’s 50-day simple moving average is $2.40 and its 200 day simple moving average is $2.11.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reissued an “overweight” rating on shares of Helios Towers in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

About Helios Towers

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.