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

Helios Towers plc (OTCMKTS:HTWSF) saw a significant decline in short interest in 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 days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 13,622 shares, the days-to-cover ratio is currently 0.2 days.

Helios Towers Price Performance

Helios Towers stock remained flat at $2.71 during mid-day trading on Friday. The company had a trading volume of 877 shares, compared to its average volume of 9,839. The firm’s 50 day moving average is $2.39 and its 200-day moving average is $2.11. Helios Towers has a fifty-two week low of $1.18 and a fifty-two week high of $2.75.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Helios Towers in a report on Friday, January 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus 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.