China Tower Co. Limited (OTCMKTS:CHWRF) Sees Significant Decline in Short Interest

China Tower Co. Limited (OTCMKTS:CHWRF) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,690,998 shares, a drop of 55.3% from the April 30th total of 3,779,350 shares. Based on an average daily volume of 98 shares, the short-interest ratio is presently 17,255.1 days.

China Tower Price Performance

OTCMKTS:CHWRF opened at $1.29 on Monday. The stock has a 50 day simple moving average of $1.36 and a 200 day simple moving average of $1.36. China Tower has a 1-year low of $0.96 and a 1-year high of $1.80.

China Tower Company Profile

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.