Helios Towers plc (OTCMKTS:HTWSF) Sees Large Increase in Short Interest

Helios Towers plc (OTCMKTS:HTWSF) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 33,707 shares, a growth of 188.5% from the May 14th total of 11,682 shares. Based on an average trading volume of 16,118 shares, the days-to-cover ratio is currently 2.1 days.

Wall Street Analyst Weigh In

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

Helios Towers Trading Up 3.6%

HTWSF traded up $0.11 on Friday, reaching $3.05. 400 shares of the company traded hands, compared to its average volume of 9,467. Helios Towers has a one year low of $1.52 and a one year high of $3.35. The firm has a fifty day simple moving average of $2.92 and a two-hundred day simple moving average of $2.56.

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.