Cellnex Telecom, S.A. (OTCMKTS:CLNXF) Stock Short Interest Declines 34.7%

Cellnex Telecom, S.A. (OTCMKTS:CLNXF) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,352,400 shares, a drop of 34.7% from the September 30th total of 2,071,644 shares. Based on an average daily trading volume, of 4,631 shares, the days-to-cover ratio is presently 292.0 days.

Cellnex Telecom Stock Performance

Shares of CLNXF opened at $28.51 on Monday. Cellnex Telecom has a 52-week low of $24.31 and a 52-week high of $39.03. The company has a 50-day simple moving average of $28.96 and a 200-day simple moving average of $31.58.

About Cellnex Telecom

Cellnex Telecom is a Barcelona-based independent telecommunications infrastructure company that owns and operates wireless communications sites and related network infrastructure. The company provides infrastructure used by mobile network operators, broadcasters, public-sector organizations and other communications providers.

Its services include the deployment, operation and maintenance of telecommunications towers, rooftop sites, distributed antenna systems and small-cell networks. Cellnex also manages broadcasting infrastructure for television and radio services and provides connectivity and infrastructure solutions supporting private networks, smart-city applications and the Internet of Things.

Cellnex was created in 2015 following the reorganization and listing of the telecommunications infrastructure business formerly associated with Abertis.