Cellnex Telecom, S.A. (OTCMKTS:CLNXF – Get Free Report) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,352,400 shares, a decrease of 34.7% from the September 30th total of 2,071,644 shares. Based on an average trading volume of 4,631 shares, the short-interest ratio is presently 292.0 days.
Cellnex Telecom Stock Up 4.3%
Shares of OTCMKTS:CLNXF opened at $29.73 on Tuesday. The stock’s 50-day moving average is $28.93 and its 200-day moving average is $31.56. Cellnex Telecom has a 52-week low of $24.31 and a 52-week high of $39.03.
Cellnex Telecom Company Profile
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.
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