Helios Towers plc (OTCMKTS:HTWSF) Short Interest Update

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

Helios Towers Stock Performance

Shares of HTWSF stock remained flat at $2.80 during trading hours on Friday. 8,700 shares of the stock traded hands, compared to its average volume of 10,137. Helios Towers has a 12-month low of $1.67 and a 12-month high of $3.35. The firm has a 50 day moving average price of $2.78 and a 200 day moving average price of $2.73.

Wall Street Analysts Forecast Growth

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