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

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

Hellenic Telecom Organization Stock Performance

HLTOY stock traded down $0.02 during trading on Thursday, hitting $10.83. 82,337 shares of the company traded hands, compared to its average volume of 8,934. The stock’s 50-day simple moving average is $10.44 and its 200 day simple moving average is $10.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.65 and a quick ratio of 0.64. The company has a market cap of $8.89 billion, a PE ratio of 15.25 and a beta of 0.22. Hellenic Telecom Organization has a 1 year low of $8.65 and a 1 year high of $11.07.

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

Wall Street Analyst Weigh In

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently 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.