Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Stock Short Interest Report for September

Key Points

• Short interest surged 298.6% to 12,380 shares as of September 30, up from 3,106 shares two weeks earlier. Short interest represented approximately 0.0% of outstanding shares, with a 1.3-day short-interest ratio.
• Analyst sentiment remains favorable overall, with one Buy and one Hold rating producing a consensus “Moderate Buy” rating. New Street Research downgraded the stock to Neutral, while Morgan Stanley reaffirmed Overweight.
• HLTOY shares fell 2.6% to $10.51, while the company’s latest quarterly results missed estimates: EPS was $0.21 versus $0.23 expected, and revenue was $994.9 million versus $996.34 million forecast.

Hellenic Telecom Organization SA (OTCMKTS:HLTOY - Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 12,380 shares, an increase of 298.6% from the September 15th total of 3,106 shares. Based on an average daily volume of 9,653 shares, the short-interest ratio is presently 1.3 days. Approximately 0.0% of the company's stock are short sold.

Analyst Ratings Changes

Several research analysts have commented on the company. New Street Research lowered Hellenic Telecom Organization to a "neutral" rating in a research 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 equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Hellenic Telecom Organization Stock Down 2.6%

OTCMKTS HLTOY traded down $0.28 on Friday, reaching $10.51. The company had a trading volume of 2,051 shares, compared to its average volume of 3,870. The firm has a market capitalization of $8.63 billion, a PE ratio of 12.97 and a beta of 0.18. Hellenic Telecom Organization has a 1 year low of $9.00 and a 1 year high of $11.90. The firm has a 50-day moving average of $11.34 and a 200-day moving average of $10.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.68 and a quick ratio of 0.67.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) last issued its quarterly earnings data 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 net margin of 15.83% and a return on equity of 30.19%. The firm had revenue of $994.90 million during the quarter, compared to analyst estimates of $996.34 million.

Hellenic Telecom Organization Company Profile

Hellenic Telecom Organization SA (OTE) is a telecommunications company based in Greece and the parent of the OTE Group. It provides fixed-line and mobile communications, broadband internet, digital television and other connectivity services to consumers and businesses.

Through its operations in Greece and Romania, OTE offers voice and data services, fiber and other broadband connections, mobile networks, pay-TV services and related digital products. The group also serves enterprise and public-sector customers with information technology, cloud, data center, cybersecurity and communications solutions.

Founded in 1949, OTE was historically Greece's state telecommunications provider and has since evolved into a broad-based integrated communications group.

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