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

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 12,380 shares, an increase of 298.6% from the September 15th total of 3,106 shares. Based on an average trading volume of 9,653 shares, the short-interest ratio is presently 1.3 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

HLTOY has been the topic of several analyst reports. New Street Research downgraded shares of Hellenic Telecom Organization to a “neutral” rating in a report on Wednesday, July 29th. Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Hellenic Telecom Organization Price Performance

OTCMKTS:HLTOY opened at $10.82 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.18. The business’s 50-day simple moving average is $11.33 and its two-hundred day simple moving average is $11.00. The stock has a market cap of $8.88 billion, a PE ratio of 13.35 and a beta of 0.18. Hellenic Telecom Organization has a 52 week low of $9.00 and a 52 week high of $11.90.

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

About Hellenic Telecom Organization

Hellenic Telecom Organization SA (OTE) is a telecommunications company based in Greece and the parent of the OTE Group. It provides fixed-line and mobile communications, broadband internet, digital television and other connectivity services to consumers and businesses.

Through its operations in Greece and Romania, OTE offers voice and data services, fiber and other broadband connections, mobile networks, pay-TV services and related digital products. The group also serves enterprise and public-sector customers with information technology, cloud, data center, cybersecurity and communications solutions.

Founded in 1949, OTE was historically Greece’s state telecommunications provider and has since evolved into a broad-based integrated communications group.