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

China Tower Co. Limited (OTCMKTS:CHWRF) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 25,125,800 shares, a drop of 14.6% from the October 15th total of 29,423,600 shares. Based on an average daily trading volume, of 8,700 shares, the days-to-cover ratio is currently 2,888.0 days.

China Tower Stock Performance

Shares of OTCMKTS CHWRF remained flat at $0.13 during mid-day trading on Friday. 4,500 shares of the stock were exchanged, compared to its average volume of 264,430. China Tower has a 52 week low of $0.08 and a 52 week high of $0.15. The stock has a 50 day moving average of $0.12 and a 200 day moving average of $0.12.

About China Tower

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.