Helios Towers plc (OTCMKTS:HTWSF) Short Interest Update

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

Helios Towers Stock Performance

OTCMKTS:HTWSF remained flat at $2.69 during midday trading on Wednesday. 25,566 shares of the company traded hands, 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 company’s fifty day simple moving average is $2.99 and its 200 day simple moving average is $2.62.

Analyst Upgrades and Downgrades

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

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.