Short Interest in Helios Towers plc (OTCMKTS:HTWSF) Rises By 1,318.0%

Helios Towers plc (OTCMKTS:HTWSF) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 10,238 shares, a growth of 1,318.0% from the April 15th total of 722 shares. Based on an average trading volume of 9,233 shares, the short-interest ratio is currently 1.1 days.

Helios Towers Trading Up 1.3%

Shares of HTWSF opened at $3.24 on Tuesday. The business’s fifty day simple moving average is $2.59 and its two-hundred day simple moving average is $2.37. Helios Towers has a 12 month low of $1.50 and a 12 month high of $3.34.

Analysts Set New Price Targets

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