Helios Towers plc (OTCMKTS:HTWSF) Short Interest Update

Helios Towers plc (OTCMKTS:HTWSF) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 20,587 shares, a decline of 38.9% from the May 31st total of 33,707 shares. Based on an average trading volume of 11,017 shares, the days-to-cover ratio is presently 1.9 days.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed 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 MarketBeat, Helios Towers presently has an average rating of “Buy”.

Helios Towers Price Performance

OTCMKTS:HTWSF opened at $2.73 on Friday. Helios Towers has a 1-year low of $1.52 and a 1-year high of $3.35. The firm has a 50 day simple moving average of $2.99 and a 200-day simple moving average of $2.63.

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.