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

China Tower Co. Limited (OTCMKTS:CHWRF) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 10,900,600 shares, a growth of 166.1% from the August 31st total of 4,096,098 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered China Tower to a “sell” rating in a research 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 Stock Performance

OTCMKTS CHWRF traded up $0.23 during trading on Monday, hitting $1.15. The stock had a trading volume of 1,000 shares, compared to its average volume of 617. The firm has a 50 day moving average price of $1.13 and a 200 day moving average price of $1.22. 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 that develops, owns and operates communications sites and related facilities in mainland China. The company primarily serves mobile network operators by providing tower space and supporting infrastructure for wireless communications equipment.

Its principal activities include the construction, operation and maintenance of macro cell towers, small cells and other communications sites. China Tower also provides indoor distributed antenna system solutions designed to improve wireless coverage in buildings, transportation facilities and other high-traffic locations.

The company has expanded beyond traditional tower leasing through energy services and smart tower solutions.