Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Sees Large Growth in Short Interest

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 3,106 shares, a growth of 867.6% from the August 31st total of 321 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 3,669 shares, the days-to-cover ratio is currently 0.8 days.

Hellenic Telecom Organization Stock Down 0.8%

Shares of OTCMKTS:HLTOY traded down $0.09 on Thursday, reaching $10.96. The company had a trading volume of 5,397 shares, compared to its average volume of 2,517. The firm has a market capitalization of $9.00 billion, a PE ratio of 13.54 and a beta of 0.18. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.18. Hellenic Telecom Organization has a 52-week low of $8.96 and a 52-week high of $11.90. The firm’s 50 day simple moving average is $11.44 and its 200-day simple moving average is $10.90.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Hellenic Telecom Organization had a return on equity of 30.19% and a net margin of 15.83%.The company had revenue of $994.90 million for the quarter, compared to analysts’ expectations of $996.34 million.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Wednesday, September 16th. New Street Research cut shares of Hellenic Telecom Organization to a “neutral” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Hellenic Telecom Organization

Hellenic Telecommunications Organization SA, commonly known as OTE, is a Greece-based telecommunications and technology company. Through its COSMOTE brand, the company provides fixed-line and mobile communications, broadband internet, fiber-optic connectivity, and related digital services to consumers and businesses.

OTE also offers pay television and entertainment services, information and communications technology solutions, cloud and data-center services, cybersecurity, and other managed digital solutions.