Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Short Interest Down 77.1% in May

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 14,505 shares, a decline of 77.1% from the May 14th total of 63,476 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 59,209 shares, the short-interest ratio is currently 0.2 days.

Hellenic Telecom Organization Stock Performance

OTCMKTS HLTOY opened at $10.46 on Wednesday. The company has a market cap of $8.59 billion, a PE ratio of 14.73 and a beta of 0.21. The stock’s 50 day simple moving average is $10.62 and its 200-day simple moving average is $10.14. Hellenic Telecom Organization has a 1-year low of $8.65 and a 1-year high of $11.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.73 and a quick ratio of 0.71.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released 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). Hellenic Telecom Organization had a return on equity of 29.97% and a net margin of 13.81%.The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $982.60 million.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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.