Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) Sees Large Increase in Short Interest

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 192,382 shares, an increase of 1,069.8% from the June 15th total of 16,446 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 735,885 shares, the short-interest ratio is currently 0.3 days.

Cellnex Telecom Stock Performance

CLLNY traded up $0.15 during trading on Friday, reaching $14.22. 212,380 shares of the stock traded hands, compared to its average volume of 303,867. The stock’s 50-day moving average is $16.10 and its 200 day moving average is $16.33. Cellnex Telecom has a 12 month low of $14.00 and a 12 month high of $19.75.

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.