China Tower Co. Limited (OTCMKTS:CHWRF) Stock Short Interest Jumps 84.8%

China Tower Co. Limited (OTCMKTS:CHWRF) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 20,140,600 shares, an increase of 84.8% from the September 15th total of 10,900,600 shares. Based on an average daily volume of 467 shares, the days-to-cover ratio is currently 43,127.6 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of China Tower to a “sell” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

China Tower Price Performance

OTCMKTS CHWRF remained flat at $1.16 during trading on Friday. 31 shares of the company’s stock traded hands, compared to its average volume of 595. The firm’s 50 day moving average price is $1.13 and its 200 day moving average price is $1.20. China Tower has a twelve month low of $0.92 and a twelve month high of $1.80.

About China Tower

China Tower Corporation Limited is a telecommunications infrastructure company based in China. Established in 2014, it was created through the consolidation of tower assets operated by China’s major telecommunications carriers and was listed on the Hong Kong Stock Exchange in 2018. The company’s American depositary securities trade over the counter under the symbol CHWRF.

China Tower primarily builds, operates and leases telecommunications tower infrastructure. Its services include providing macrocell towers, small-cell facilities and other site resources used by wireless operators to deploy and maintain mobile networks.