Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) Sees Significant Increase in Short Interest

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 47,207 shares, a growth of 599.5% from the November 30th total of 6,749 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 445,557 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 445,557 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

CLLNY has been the subject of several recent analyst reports. Barclays upgraded Cellnex Telecom to a “hold” rating in a research note on Friday, November 28th. New Street Research raised Cellnex Telecom to a “buy” rating in a research report on Wednesday, December 17th. Finally, Citigroup upgraded Cellnex Telecom from a “hold” rating to a “buy” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cellnex Telecom presently has an average rating of “Buy”.

Cellnex Telecom Stock Up 0.3%

Shares of CLLNY opened at $15.78 on Friday. The stock has a fifty day simple moving average of $15.39 and a two-hundred day simple moving average of $17.14. Cellnex Telecom has a 52-week low of $14.18 and a 52-week high of $20.45.

Cellnex Telecom Company Profile

Cellnex Telecom SA is a leading independent wireless telecommunications infrastructure operator based in Barcelona, Spain. The company designs, builds and manages telecom tower sites and related connectivity solutions, offering site rental services to mobile network operators, broadcasters and enterprises. Its portfolio includes macro sites, distributed antenna systems (DAS), small cells, in-building coverage, fiber networks and edge computing nodes, all aimed at enhancing voice, data and next-generation digital services.

Founded as a spin-off from Abertis Infraestructuras in 2015, Cellnex launched an initial public offering on the Madrid Stock Exchange in May of that year.