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 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 short-interest ratio is currently 2.9 days. Currently, 0.0% of the shares of the stock are sold short.

Hellenic Telecom Organization Trading Down 2.5%

Hellenic Telecom Organization stock traded down $0.27 during midday trading on Friday, reaching $10.64. The stock had a trading volume of 21,854 shares, compared to its average volume of 18,221. The firm’s fifty day simple moving average is $10.48 and its two-hundred day simple moving average is $10.10. 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 firm 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 has a twelve month low of $8.65 and a twelve month high of $11.07.

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

Analysts Set New Price Targets

Separately, Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average 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.