Cellnex Telecom, S.A. (OTCMKTS:CLNXF) Shares Shorted: Short Interest Down 34.7% in October

Cellnex Telecom, S.A. (OTCMKTS:CLNXF) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 1,352,400 shares, a decrease of 34.7% from the September 30th total of 2,071,644 shares. Based on an average daily volume of 4,631 shares, the short-interest ratio is presently 292.0 days.

Cellnex Telecom Price Performance

OTCMKTS CLNXF opened at $28.51 on Monday. The company’s fifty day simple moving average is $28.96 and its 200-day simple moving average is $31.58. Cellnex Telecom has a 52 week low of $24.31 and a 52 week high of $39.03.

Cellnex Telecom Company Profile

Cellnex Telecom is a Barcelona-based independent telecommunications infrastructure company that owns and operates wireless communications sites and related network infrastructure. The company provides infrastructure used by mobile network operators, broadcasters, public-sector organizations and other communications providers.

Its services include the deployment, operation and maintenance of telecommunications towers, rooftop sites, distributed antenna systems and small-cell networks. Cellnex also manages broadcasting infrastructure for television and radio services and provides connectivity and infrastructure solutions supporting private networks, smart-city applications and the Internet of Things.

Cellnex was created in 2015 following the reorganization and listing of the telecommunications infrastructure business formerly associated with Abertis.