Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Shares Shorted: Short Interest Down 97.1% in October

Key Points

• Short interest plunged 97.1% in October, falling from 12,380 shares to 357 shares, representing approximately 0.0% of outstanding stock and a 0.0-day days-to-cover ratio.
• HLTOY shares traded at $10.69, near the lower half of their one-year range of $9.30 to $11.90. The company has an $8.78 billion market capitalization and a price-to-earnings ratio of 13.20.
• Hellenic Telecom Organization missed quarterly earnings expectations, reporting $0.21 EPS versus $0.23 expected, while analyst opinions remain split and result in a consensus “Hold” rating.

Hellenic Telecom Organization SA (OTCMKTS:HLTOY - Get Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.