Helios Towers plc (OTCMKTS:HTWSF – Get Free Report) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 33,707 shares, an increase of 188.5% from the May 14th total of 11,682 shares. Based on an average daily volume of 16,118 shares, the days-to-cover ratio is currently 2.1 days.
Helios Towers Price Performance
HTWSF stock remained flat at $2.94 during trading on Friday. 21,051 shares of the company were exchanged, compared to its average volume of 9,576. The business has a fifty day simple moving average of $2.91 and a 200-day simple moving average of $2.55. Helios Towers has a one year low of $1.52 and a one year high of $3.35.
Analysts Set New Price Targets
Separately, Morgan Stanley restated an “overweight” rating on shares of Helios Towers in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.
Helios Towers Company Profile
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.
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