Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Stock Short Interest Report for September

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 12,380 shares, an increase of 298.6% from the September 15th total of 3,106 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 9,653 shares, the short-interest ratio is currently 1.3 days.

Hellenic Telecom Organization Stock Down 2.6%

HLTOY stock traded down $0.28 during midday trading on Friday, hitting $10.51. 2,051 shares of the company’s stock were exchanged, compared to its average volume of 3,870. The firm has a 50 day moving average price of $11.34 and a 200-day moving average price of $10.98. Hellenic Telecom Organization has a 12-month low of $9.00 and a 12-month high of $11.90. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 12.97 and a beta of 0.18. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.18.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released its 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). The business had revenue of $994.90 million for the quarter, compared to analysts’ expectations of $996.34 million. Hellenic Telecom Organization had a net margin of 15.83% and a return on equity of 30.19%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HLTOY. New Street Research downgraded Hellenic Telecom Organization to a “neutral” rating in a research note on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Wednesday, September 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Hellenic Telecom Organization currently has an average rating of “Moderate Buy”.

Hellenic Telecom Organization Company Profile

Hellenic Telecom Organization SA (OTE) is a telecommunications company based in Greece and the parent of the OTE Group. It provides fixed-line and mobile communications, broadband internet, digital television and other connectivity services to consumers and businesses.

Through its operations in Greece and Romania, OTE offers voice and data services, fiber and other broadband connections, mobile networks, pay-TV services and related digital products. The group also serves enterprise and public-sector customers with information technology, cloud, data center, cybersecurity and communications solutions.

Founded in 1949, OTE was historically Greece’s state telecommunications provider and has since evolved into a broad-based integrated communications group.