Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) Shares Shorted: Short Interest Down 83.8% in September

by · The Markets Daily

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 8,380 shares, a drop of 83.8% from the August 31st total of 51,613 shares. Based on an average trading volume of 419,738 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Cellnex Telecom Stock Performance

OTCMKTS CLLNY remained flat at $13.74 on Friday. 28,266 shares of the company’s stock traded hands, compared to its average volume of 240,030. Cellnex Telecom has a fifty-two week low of $13.67 and a fifty-two week high of $19.23. The business has a 50-day moving average of $14.98 and a two-hundred day moving average of $15.76.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group lowered Cellnex Telecom to a “neutral” rating in a research report on Tuesday, August 18th. Barclays raised Cellnex Telecom to an “overweight” rating in a research note on Monday, August 24th. Finally, The Goldman Sachs Group downgraded Cellnex Telecom from a “hold” rating to a “sell” rating in a research report on Friday, September 4th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Check Out Our Latest Report on Cellnex Telecom

About Cellnex Telecom

(Get Free Report)

Cellnex Telecom is a European telecommunications infrastructure company that owns and operates wireless communications sites and related network assets. Its infrastructure supports mobile operators, broadcasters, public-sector organizations and other communications providers by enabling the transmission of voice, data and audiovisual services.

The company’s activities include the deployment, management and leasing of macro towers, small cells and distributed antenna systems. Cellnex also provides connectivity and infrastructure solutions for private networks, smart-city applications, public safety communications and the broadcasting of television and radio signals.

Cellnex was established in 2015 following the separation of Abertis’s telecommunications infrastructure business, although its operating activities have earlier roots.

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