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

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

Analyst Ratings Changes

Separately, Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Hellenic Telecom Organization Trading Down 0.8%

Shares of Hellenic Telecom Organization stock opened at $10.46 on Wednesday. The firm has a 50-day simple moving average of $10.62 and a two-hundred day simple moving average of $10.14. The company has a market cap of $8.59 billion, a P/E ratio of 14.73 and a beta of 0.21. Hellenic Telecom Organization has a fifty-two week low of $8.65 and a fifty-two week high of $11.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.71 and a current ratio of 0.73.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last issued its quarterly earnings data on Friday, May 8th. The utilities provider reported $0.22 earnings per share 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 firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $982.60 million.

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.