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

China Tower Co. Limited (OTCMKTS:CHWRF) was the recipient of a significant growth in short interest in 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 daily trading volume, of 467 shares, the short-interest ratio is presently 43,127.6 days.

China Tower Stock Performance

Shares of CHWRF stock opened at $1.16 on Thursday. The business’s 50 day moving average is $1.13 and its two-hundred day moving average is $1.20. China Tower has a 12-month low of $0.92 and a 12-month high of $1.80.

Analyst Ratings Changes

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

China Tower Company Profile

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.