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 large decrease in short interest during 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 7,440 shares, the days-to-cover ratio is presently 0.0 days.

Hellenic Telecom Organization Stock Performance

HLTOY stock traded down $0.01 during midday trading on Monday, hitting $10.69. The company’s stock had a trading volume of 5,773 shares, compared to its average volume of 8,068. The stock’s 50-day moving average price is $11.20 and its 200 day moving average price is $11.06. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.18. Hellenic Telecom Organization has a 1 year low of $9.30 and a 1 year high of $11.90. The stock has a market cap of $8.78 billion, a price-to-earnings ratio of 13.20 and a beta of 0.18.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $994.90 million during the quarter, compared to the consensus estimate 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

A number of equities analysts have issued reports on the stock. New Street Research downgraded shares of Hellenic Telecom Organization to a “neutral” rating in a report on Wednesday, July 29th. Barclays downgraded shares of Hellenic Telecom Organization to an “underweight” rating in a report on Tuesday, October 20th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Hellenic Telecom Organization in a research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

About Hellenic Telecom Organization

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.