Short Interest in Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) Declines By 99.2%

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,584 shares, a drop of 99.2% from the June 30th total of 192,382 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 697,324 shares, the short-interest ratio is currently 0.0 days.

Cellnex Telecom Price Performance

OTCMKTS:CLLNY traded down $0.08 during midday trading on Friday, hitting $14.63. 240,347 shares of the company were exchanged, compared to its average volume of 243,814. Cellnex Telecom has a fifty-two week low of $13.67 and a fifty-two week high of $19.23. The company has a fifty day simple moving average of $15.67 and a 200 day simple moving average of $16.22.

About Cellnex Telecom

Cellnex Telecom SA is a leading independent wireless telecommunications infrastructure operator based in Barcelona, Spain. The company designs, builds and manages telecom tower sites and related connectivity solutions, offering site rental services to mobile network operators, broadcasters and enterprises. Its portfolio includes macro sites, distributed antenna systems (DAS), small cells, in-building coverage, fiber networks and edge computing nodes, all aimed at enhancing voice, data and next-generation digital services.

Founded as a spin-off from Abertis Infraestructuras in 2015, Cellnex launched an initial public offering on the Madrid Stock Exchange in May of that year.