Short Interest in Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) Drops By 99.2%
by Jessica Moore · The Cerbat GemCellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY – Get Free Report) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,584 shares, a decline of 99.2% from the June 30th total of 192,382 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 697,324 shares, the days-to-cover ratio is currently 0.0 days.
Cellnex Telecom Stock Down 0.5%
CLLNY stock traded down $0.08 on Friday, hitting $14.63. The company’s stock had a trading volume of 240,347 shares, compared to its average volume of 243,814. The firm has a 50 day moving average of $15.67 and a two-hundred day moving average of $16.22. Cellnex Telecom has a 1 year low of $13.67 and a 1 year high of $19.23.
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.