China Tower Co. Limited (OTCMKTS:CHWRF) Sees Significant Increase in Short Interest

China Tower Co. Limited (OTCMKTS:CHWRF) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 4,209,098 shares, an increase of 120.6% from the July 30th total of 1,908,202 shares. Based on an average daily volume of 240 shares, the days-to-cover ratio is currently 17,537.9 days.

China Tower Stock Down 3.5%

OTCMKTS CHWRF traded down $0.04 during trading hours on Friday, reaching $1.10. 100 shares of the company’s stock were exchanged, compared to its average volume of 600. China Tower has a one year low of $0.98 and a one year high of $1.80. The firm has a fifty day moving average of $1.13 and a 200-day moving average of $1.25.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded China Tower to a “sell” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, China Tower presently has a consensus rating of “Sell”.

China Tower Company Profile

China Tower Corporation Limited is a leading provider of telecommunications infrastructure services in the People’s Republic of China. The company designs, builds, owns and operates a nationwide network of communications towers, base stations and ancillary infrastructure. Its core offerings include site acquisition, tower construction and maintenance, power supply solutions and network integration services, supporting multiple generations of mobile communications standards including 2G, 3G, 4G and 5G.

Established in 2014 as a joint venture by China Mobile, China Unicom and China Telecom, China Tower was created to consolidate tower assets and enhance efficiency in network deployment across China’s vast geography.