Helios Towers plc (OTCMKTS:HTWSF) Short Interest Up 188.5% in May

Helios Towers plc (OTCMKTS:HTWSF) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 33,707 shares, an increase of 188.5% from the May 14th total of 11,682 shares. Based on an average daily volume of 16,118 shares, the days-to-cover ratio is currently 2.1 days.

Helios Towers Stock Performance

Helios Towers stock remained flat at $2.94 during midday trading on Friday. 21,051 shares of the company traded hands, compared to its average volume of 9,576. The stock’s fifty day moving average price is $2.91 and its 200-day moving average price is $2.55. Helios Towers has a 52-week low of $1.52 and a 52-week high of $3.35.

Wall Street Analyst Weigh In

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