Helios Towers plc (OTCMKTS:HTWSF) Sees Large Decline in Short Interest

Helios Towers plc (OTCMKTS:HTWSF) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 2,604 shares, a decline of 64.8% from the January 29th total of 7,408 shares. Based on an average daily trading volume, of 13,622 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 13,622 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Morgan Stanley reissued an “overweight” rating on shares of Helios Towers in a research note on Friday, January 30th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Helios Towers Price Performance

HTWSF stock opened at $2.70 on Thursday. The company’s 50 day moving average is $2.38 and its two-hundred day moving average is $2.10. Helios Towers has a twelve month low of $1.18 and a twelve month high of $2.75.

About Helios Towers

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.