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

Helios Towers plc (OTCMKTS:HTWSF) was the target of a significant 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 daily volume of 16,118 shares, the days-to-cover ratio is presently 2.1 days.

Helios Towers Price Performance

HTWSF stock traded up $0.11 during midday trading on Friday, reaching $3.05. The company’s stock had a trading volume of 400 shares, compared to its average volume of 9,467. Helios Towers has a 52 week low of $1.52 and a 52 week high of $3.35. The business’s 50-day simple moving average is $2.92 and its 200-day simple moving average is $2.56.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed 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, Helios Towers has a consensus 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.