Short Interest in Helios Towers plc (OTCMKTS:HTWSF) Expands By 30.7%

Helios Towers plc (OTCMKTS:HTWSF) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 10,522 shares, a growth of 30.7% from the December 31st total of 8,048 shares. Based on an average trading volume of 31,824 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 31,824 shares, the days-to-cover ratio is presently 0.3 days.

Helios Towers Stock Up 1.5%

Shares of HTWSF stock traded up $0.04 during trading hours on Tuesday, reaching $2.44. The company had a trading volume of 2,300 shares, compared to its average volume of 13,575. Helios Towers has a 12 month low of $1.14 and a 12 month high of $2.52. The business has a fifty day simple moving average of $2.22 and a 200-day simple moving average of $1.98.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Helios Towers in a report on Friday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Helios Towers presently has an average rating of “Buy”.

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.