Short Interest in Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Increases By 403.0%

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 63,476 shares, a growth of 403.0% from the April 30th total of 12,619 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 21,784 shares, the short-interest ratio is presently 2.9 days.

Hellenic Telecom Organization Price Performance

HLTOY traded down $0.27 during trading on Friday, reaching $10.64. The company’s stock had a trading volume of 21,854 shares, compared to its average volume of 9,006. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $10.46 and a two-hundred day simple moving average of $10.09. Hellenic Telecom Organization has a 1 year low of $8.65 and a 1 year high of $11.07. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 14.99 and a beta of 0.22.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released its earnings results on Friday, May 8th. The utilities provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Hellenic Telecom Organization had a return on equity of 30.98% and a net margin of 13.81%.The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $982.60 million.

Analyst Ratings Changes

Separately, Morgan Stanley restated 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 presently has a consensus rating of “Buy”.

About Hellenic Telecom Organization

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.