Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Short Interest Update

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 14,505 shares, a decline of 77.1% from the May 14th total of 63,476 shares. Based on an average daily volume of 59,209 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Hellenic Telecom Organization Stock Up 0.6%

HLTOY stock traded up $0.06 during midday trading on Friday, hitting $11.21. The company’s stock had a trading volume of 4,735 shares, compared to its average volume of 9,755. The company has a market cap of $9.21 billion, a PE ratio of 15.79 and a beta of 0.21. Hellenic Telecom Organization has a 12 month low of $8.65 and a 12 month high of $11.38. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average is $10.68 and its 200-day moving average is $10.16.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released its quarterly earnings data on Friday, May 8th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $982.60 million. Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 29.97%.

Hellenic Telecom Organization Company Profile

Hellenic Telecommunications Organization SA (OTCMKTS: HLTOY), also known as OTE Group, is the primary provider of telecommunications and digital services in Greece. The company offers a comprehensive suite of solutions that includes fixed-line telephony, mobile communications under the COSMOTE brand, broadband internet access via fiber and ADSL networks, and pay-TV services through its COSMOTE TV platform. In addition, OTE Group delivers enterprise-focused ICT offerings such as cloud computing, data center operations, cybersecurity, managed network services and system integration.

Established in 1949 as Greece’s state telecommunications monopoly, OTE Group began a gradual privatization process in the late 1990s, which culminated in a majority stake acquisition by Deutsche Telekom.