Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Shares Shorted: Short Interest Up 867.6% in September

Hellenic Telecom Organization SA (OTCMKTS:HLTOY) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,106 shares, an increase of 867.6% from the August 31st total of 321 shares. Based on an average daily trading volume, of 3,669 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HLTOY shares. New Street Research lowered Hellenic Telecom Organization to a “neutral” rating in a report on Wednesday, July 29th. Morgan Stanley restated an “overweight” rating on shares of Hellenic Telecom Organization in a research note on Wednesday, September 16th. 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Hellenic Telecom Organization Price Performance

HLTOY stock opened at $10.96 on Friday. The stock has a fifty day moving average of $11.44 and a 200-day moving average of $10.90. Hellenic Telecom Organization has a fifty-two week low of $8.96 and a fifty-two week high of $11.90. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 13.54 and a beta of 0.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.67 and a current ratio of 0.68.

Hellenic Telecom Organization (OTCMKTS:HLTOY) last announced its quarterly earnings data 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 firm had revenue of $994.90 million for 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%.

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.