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

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

Hellenic Telecom Organization Stock Performance

Shares of Hellenic Telecom Organization stock traded down $0.09 during midday trading on Thursday, hitting $10.96. The company had a trading volume of 5,397 shares, compared to its average volume of 2,517. The company has a fifty day simple moving average of $11.44 and a 200 day simple moving average of $10.90. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 13.54 and a beta of 0.18. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.18. Hellenic Telecom Organization has a 12-month low of $8.96 and a 12-month high of $11.90.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Wednesday, September 16th. New Street Research cut Hellenic Telecom Organization to a “neutral” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to 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.