Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Sees Significant Decrease in Short Interest

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 321 shares, a decline of 98.6% from the August 15th total of 23,738 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 11,308 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, New Street Research cut shares of Hellenic Telecom Organization to a “neutral” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Hellenic Telecom Organization Stock Performance

Shares of HLTOY stock traded down $0.10 during trading hours on Thursday, reaching $11.51. 1,773 shares of the company traded hands, compared to its average volume of 4,643. Hellenic Telecom Organization has a 12-month low of $8.96 and a 12-month high of $11.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.68 and a quick ratio of 0.67. The company has a market cap of $9.45 billion, a P/E ratio of 14.21 and a beta of 0.18. The firm has a 50-day moving average price of $11.41 and a 200 day moving average price of $10.81.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last released its earnings results on Wednesday, July 29th. The utilities provider reported $0.21 earnings per share (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 during the quarter, compared to analysts’ expectations of $996.34 million.

About Hellenic Telecom Organization

Hellenic Telecommunications Organization SA, commonly known as OTE, is a Greece-based telecommunications and technology company. Through its COSMOTE brand, the company provides fixed-line and mobile communications, broadband internet, fiber-optic connectivity, and related digital services to consumers and businesses.

OTE also offers pay television and entertainment services, information and communications technology solutions, cloud and data-center services, cybersecurity, and other managed digital solutions.