Short Interest in Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Decreases By 77.1%

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 14,505 shares, a decrease of 77.1% from the May 14th total of 63,476 shares. Based on an average daily trading volume, of 59,209 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

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

Hellenic Telecom Organization Stock Up 3.0%

HLTOY traded up $0.33 on Thursday, reaching $11.10. The company’s stock had a trading volume of 12,649 shares, compared to its average volume of 21,285. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 15.63 and a beta of 0.21. Hellenic Telecom Organization has a 1 year low of $8.65 and a 1 year high of $11.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.73 and a quick ratio of 0.71. The business’s 50 day moving average is $10.68 and its 200 day moving average is $10.16.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last issued its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $1.01 billion during 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 29.97%.

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.