Helios Towers plc (OTCMKTS:HTWSF) Short Interest Update

Helios Towers plc (OTCMKTS:HTWSF) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 459,668 shares, an increase of 145.1% from the July 15th total of 187,538 shares. Based on an average trading volume of 23,500 shares, the short-interest ratio is currently 19.6 days.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley restated an “overweight” rating on shares of Helios Towers in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Helios Towers presently has an average rating of “Buy”.

Helios Towers Stock Performance

Shares of Helios Towers stock remained flat at $2.80 on Friday. The company’s stock had a trading volume of 8,700 shares, compared to its average volume of 10,137. Helios Towers has a twelve month low of $1.67 and a twelve month high of $3.35. The company’s 50 day moving average price is $2.78 and its two-hundred day moving average price is $2.73.

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.