Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) Short Interest Up 1,069.8% in June

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 192,382 shares, an increase of 1,069.8% from the June 15th total of 16,446 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 735,885 shares, the days-to-cover ratio is presently 0.3 days.

Cellnex Telecom Trading Up 1.1%

Cellnex Telecom stock traded up $0.15 during mid-day trading on Friday, hitting $14.22. The stock had a trading volume of 212,380 shares, compared to its average volume of 303,867. The firm’s 50 day moving average is $16.15 and its 200 day moving average is $16.35. Cellnex Telecom has a one year low of $14.00 and a one year high of $19.75.

Cellnex Telecom Company Profile

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.