Cellnex Telecom, S.A. (OTCMKTS:CLNXF) Sees Large Drop in Short Interest

Cellnex Telecom, S.A. (OTCMKTS:CLNXF) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 1,055,400 shares, a decline of 11.5% from the August 15th total of 1,192,000 shares. Based on an average daily volume of 29,300 shares, the days-to-cover ratio is currently 36.0 days.

Cellnex Telecom Price Performance

Shares of OTCMKTS:CLNXF remained flat at $39.60 during trading on Tuesday. The firm has a 50-day moving average price of $37.00 and a 200-day moving average price of $35.64. Cellnex Telecom has a 52 week low of $27.82 and a 52 week high of $40.82.

About Cellnex Telecom

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.