Short Interest in Helios Towers plc (OTCMKTS:HTWSF) Drops By 38.9%

Helios Towers plc (OTCMKTS:HTWSF) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 20,587 shares, a decrease of 38.9% from the May 31st total of 33,707 shares. Based on an average daily volume of 11,017 shares, the days-to-cover ratio is currently 1.9 days.

Helios Towers Stock Performance

HTWSF remained flat at $2.69 during trading on Wednesday. The company’s stock had a trading volume of 25,566 shares, compared to its average volume of 9,391. Helios Towers has a one year low of $1.52 and a one year high of $3.35. The business’s fifty day moving average price is $2.99 and its two-hundred day moving average price is $2.62.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Helios Towers in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

About Helios Towers

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.