China Tower Co. Limited (OTCMKTS:CHWRF) Short Interest Update

China Tower Co. Limited (OTCMKTS:CHWRF) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 1,908,202 shares, a decrease of 56.4% from the July 15th total of 4,372,998 shares. Based on an average daily volume of 85 shares, the short-interest ratio is presently 22,449.4 days.

China Tower Stock Performance

Shares of OTCMKTS CHWRF opened at $1.14 on Friday. The stock’s 50-day moving average is $1.12 and its two-hundred day moving average is $1.27. China Tower has a 1-year low of $0.98 and a 1-year high of $1.80.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded China Tower to a “sell” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About China Tower

China Tower Corporation Limited is a leading provider of telecommunications infrastructure services in the People’s Republic of China. The company designs, builds, owns and operates a nationwide network of communications towers, base stations and ancillary infrastructure. Its core offerings include site acquisition, tower construction and maintenance, power supply solutions and network integration services, supporting multiple generations of mobile communications standards including 2G, 3G, 4G and 5G.

Established in 2014 as a joint venture by China Mobile, China Unicom and China Telecom, China Tower was created to consolidate tower assets and enhance efficiency in network deployment across China’s vast geography.