Cellnex Telecom, S.A. (OTCMKTS:CLLNY) Sees Significant Growth in Short Interest

Cellnex Telecom, S.A. (OTCMKTS:CLLNY) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 16,900 shares, an increase of 2,012.5% from the May 15th total of 800 shares. Based on an average daily trading volume, of 144,500 shares, the days-to-cover ratio is currently 0.1 days.

Cellnex Telecom Trading Down 0.7%

Shares of OTCMKTS:CLLNY traded down $0.14 during mid-day trading on Friday, reaching $19.12. 63,998 shares of the company traded hands, compared to its average volume of 104,515. Cellnex Telecom has a 52 week low of $14.56 and a 52 week high of $20.77. The company’s 50 day moving average price is $19.05 and its 200-day moving average price is $17.59.

Cellnex Telecom Company Profile

Cellnex Telecom, SA operates infrastructure for wireless telecommunication in Austria, Denmark, Spain, France, Ireland, Italy, the Netherlands, Poland, Portugal, the United Kingdom, Sweden, and Switzerland. It operates through three segments: Telecom Infrastructure Services, Broadcasting Infrastructure, and Other Network Services.