Short Interest in Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Expands By 976.7%

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 12,619 shares, a growth of 976.7% from the April 15th total of 1,172 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 17,753 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Hellenic Telecom Organization currently has a consensus rating of “Buy”.

Hellenic Telecom Organization Stock Performance

Shares of HLTOY opened at $10.81 on Tuesday. The firm has a 50-day moving average price of $10.18 and a 200 day moving average price of $9.96. The firm has a market capitalization of $8.87 billion, a PE ratio of 15.22 and a beta of 0.22. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.17. Hellenic Telecom Organization has a 52-week low of $8.65 and a 52-week high of $11.01.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last announced its 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 the consensus estimate of $982.60 million. Hellenic Telecom Organization had a net margin of 13.81% and a return on equity of 30.98%.

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.