Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) Short Interest Up 1,069.8% in June

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 192,382 shares, a growth of 1,069.8% from the June 15th total of 16,446 shares. Based on an average trading volume of 735,885 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Cellnex Telecom Price Performance

OTCMKTS:CLLNY traded up $0.15 during trading hours on Friday, hitting $14.22. 212,380 shares of the stock traded hands, compared to its average volume of 303,867. Cellnex Telecom has a 1 year low of $14.00 and a 1 year high of $19.75. The stock has a 50 day moving average price of $16.10 and a 200 day moving average price of $16.33.

Cellnex Telecom Company Profile

Cellnex Telecom SA is a leading independent wireless telecommunications infrastructure operator based in Barcelona, Spain. The company designs, builds and manages telecom tower sites and related connectivity solutions, offering site rental services to mobile network operators, broadcasters and enterprises. Its portfolio includes macro sites, distributed antenna systems (DAS), small cells, in-building coverage, fiber networks and edge computing nodes, all aimed at enhancing voice, data and next-generation digital services.

Founded as a spin-off from Abertis Infraestructuras in 2015, Cellnex launched an initial public offering on the Madrid Stock Exchange in May of that year.