China Tower Co. Limited (OTCMKTS:CHWRF) Stock Short Interest Rises 166.1%

China Tower Co. Limited (OTCMKTS:CHWRF) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 10,900,600 shares, an increase of 166.1% from the August 31st total of 4,096,098 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of China Tower to a “sell” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

China Tower Stock Performance

Shares of OTCMKTS:CHWRF opened at $0.92 on Friday. The company’s fifty day moving average is $1.13 and its 200-day moving average is $1.22. China Tower has a 52 week low of $0.92 and a 52 week high of $1.80.

About China Tower

China Tower Corporation Limited is a telecommunications infrastructure company that develops, owns and operates communications sites and related facilities in mainland China. The company primarily serves mobile network operators by providing tower space and supporting infrastructure for wireless communications equipment.

Its principal activities include the construction, operation and maintenance of macro cell towers, small cells and other communications sites. China Tower also provides indoor distributed antenna system solutions designed to improve wireless coverage in buildings, transportation facilities and other high-traffic locations.

The company has expanded beyond traditional tower leasing through energy services and smart tower solutions.