Short Interest in Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Increases By 51.7%

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 6,508 shares, an increase of 51.7% from the November 30th total of 4,289 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 4,119 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily trading volume, of 4,119 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.0% of the shares of the company are sold short.

Hellenic Telecom Organization Stock Performance

HLTOY stock opened at $10.00 on Tuesday. Hellenic Telecom Organization has a 1 year low of $7.25 and a 1 year high of $10.25. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 15.87 and a beta of 0.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.59. The stock’s fifty day moving average is $9.80 and its two-hundred day moving average is $9.55.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released its quarterly earnings results on Thursday, November 13th. The utilities provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $910.48 million. Hellenic Telecom Organization had a net margin of 15.62% and a return on equity of 26.32%.

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.