Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Shares Shorted: Short Interest Down 97.1% in October

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 357 shares, a decrease of 97.1% from the September 30th total of 12,380 shares. Based on an average trading volume of 7,440 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Hellenic Telecom Organization Stock Down 0.1%

Shares of Hellenic Telecom Organization stock opened at $10.69 on Tuesday. Hellenic Telecom Organization has a 52-week low of $9.30 and a 52-week high of $11.90. The company has a 50 day moving average of $11.18 and a 200 day moving average of $10.68. 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 company has a market capitalization of $8.78 billion, a P/E ratio of 13.20 and a beta of 0.18.

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

Wall Street Analyst Weigh In

HLTOY has been the subject of a number of recent research reports. New Street Research lowered Hellenic Telecom Organization to a “neutral” rating in a report on Wednesday, July 29th. Barclays downgraded Hellenic Telecom Organization to an “underweight” rating in a report on Tuesday, October 20th. Finally, Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Hellenic Telecom Organization currently has an average rating of “Hold”.

Hellenic Telecom Organization Company Profile

Hellenic Telecommunications Organization SA (OTE) is a Greece-based telecommunications provider that operates primarily under the COSMOTE brand. The company offers fixed-line and mobile voice services, broadband and fiber-optic internet access, pay television, and related digital communications services to residential and business customers.

OTE also provides information and communications technology services for corporate and public-sector clients, including connectivity, data services, cloud solutions, cybersecurity, and other managed technology services.