Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) Short Interest Update

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 47,207 shares, an increase of 599.5% from the November 30th total of 6,749 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 445,557 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 445,557 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Cellnex Telecom Trading Up 0.3%

Shares of Cellnex Telecom stock opened at $15.78 on Thursday. The stock has a 50-day simple moving average of $15.41 and a 200-day simple moving average of $17.15. Cellnex Telecom has a 52-week low of $14.18 and a 52-week high of $20.45.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CLLNY. New Street Research upgraded Cellnex Telecom to a “buy” rating in a report on Wednesday, December 17th. Citigroup raised shares of Cellnex Telecom from a “hold” rating to a “buy” rating in a research report on Friday, September 19th. Finally, Barclays upgraded shares of Cellnex Telecom to a “hold” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.