China Tower Co. Limited (OTCMKTS:CHWRF) Sees Large Decrease in Short Interest

China Tower Co. Limited (OTCMKTS:CHWRF) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 29,423,600 shares, a drop of 31.3% from the September 30th total of 42,845,600 shares. Based on an average trading volume of 11,500 shares, the days-to-cover ratio is presently 2,558.6 days.

China Tower Stock Performance

OTCMKTS CHWRF remained flat at $0.13 during trading on Friday. The firm’s 50 day simple moving average is $0.12 and its 200-day simple moving average is $0.12. China Tower has a one year low of $0.07 and a one year high of $0.15.

China Tower Company Profile

China Tower Corporation Limited, together with its subsidiaries, provides telecommunication tower infrastructure services in the People's Republic of China. The company engages in the construction, maintenance, and operation of base station ancillary facilities, such as telecommunications towers and public network coverage in high-speed railways and subways, and large-scale indoor distributed antenna systems.