Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) Shares Shorted: Short Interest Up 317.9% in October

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 30,938 shares, an increase of 317.9% from the September 30th total of 7,404 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 319,771 shares, the short-interest ratio is presently 0.1 days.

Cellnex Telecom Stock Performance

Shares of Cellnex Telecom stock opened at $14.30 on Friday. The business has a 50-day moving average of $14.20 and a two-hundred day moving average of $15.65. Cellnex Telecom has a 1 year low of $12.28 and a 1 year high of $19.23.

Wall Street Analyst Weigh In

CLLNY has been the subject of several recent analyst reports. UBS Group lowered shares of Cellnex Telecom to a “neutral” rating in a report on Tuesday, August 18th. The Goldman Sachs Group cut shares of Cellnex Telecom from a “hold” rating to a “sell” rating in a research report on Friday, September 4th. Finally, Barclays upgraded shares of Cellnex Telecom to an “overweight” rating in a research report on Monday, August 24th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cellnex Telecom has a consensus rating of “Hold”.

Cellnex Telecom Company Profile

Cellnex Telecom is a European telecommunications infrastructure company that operates wireless communications sites and related networks. The company provides infrastructure used by mobile network operators, broadcasters, public authorities and other organizations to deliver connectivity and communications services.

Its portfolio includes macro towers, rooftop sites, distributed antenna systems, small-cell networks and fiber-connected infrastructure. Cellnex also manages broadcasting infrastructure and develops connectivity solutions for smart cities, private networks, public safety and the Internet of Things.

Headquartered in Barcelona, Cellnex was established in 2015 following the reorganization of Abertis’s telecommunications infrastructure business.