China Tower Co. Limited (OTCMKTS:CHWRF) Sees Large Growth in Short Interest

China Tower Co. Limited (OTCMKTS:CHWRF – Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 20,140,600 shares, a growth of 84.8% from the September 15th total of 10,900,600 shares. Based on an average trading volume of 467 shares, the short-interest ratio is currently 43,127.6 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of China Tower to a “sell” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, China Tower presently has a consensus rating of “Sell”.

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China Tower Price Performance

Shares of China Tower stock opened at $1.16 on Thursday. China Tower has a twelve month low of $0.92 and a twelve month high of $1.80. The firm’s 50-day moving average price is $1.13 and its 200 day moving average price is $1.20.

About China Tower

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China Tower Corporation Limited is a telecommunications infrastructure company based in China. Established in 2014, it was created through the consolidation of tower assets operated by China’s major telecommunications carriers and was listed on the Hong Kong Stock Exchange in 2018. The company’s American depositary securities trade over the counter under the symbol CHWRF.

China Tower primarily builds, operates and leases telecommunications tower infrastructure. Its services include providing macrocell towers, small-cell facilities and other site resources used by wireless operators to deploy and maintain mobile networks.

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