Short Interest in Hellenic Telecom Organization SA (OTCMKTS:HLTOY) Declines By 94.2%

Key Points

• The short interest in Hellenic Telecom Organization SA (OTCMKTS:HLTOY) experienced a dramatic decline of 94.2% in September, dropping from 168,400 shares to 9,700 shares.
• As of the latest trading session, Hellenic Telecom shares rose to $9.20, with a twelve-month price range between $7.25 and $10.25.
• The company reported quarterly earnings of $0.18 per share with revenue of $1.06 billion, surpassing analysts' expectations of $908.46 million.

Hellenic Telecom Organization SA (OTCMKTS:HLTOY - Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 9,700 shares, a decline of 94.2% from the September 15th total of 168,400 shares. Based on an average daily trading volume, of 1,200 shares, the short-interest ratio is presently 8.1 days. Based on an average daily trading volume, of 1,200 shares, the short-interest ratio is presently 8.1 days.

Hellenic Telecom Organization Stock Performance

Shares of Hellenic Telecom Organization stock traded up $0.03 on Thursday, hitting $9.20. The company had a trading volume of 2,391 shares, compared to its average volume of 1,559. Hellenic Telecom Organization has a twelve month low of $7.25 and a twelve month high of $10.25. The company has a quick ratio of 0.75, a current ratio of 0.78 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $9.52 and a 200-day moving average of $9.35.

Hellenic Telecom Organization (OTCMKTS:HLTOY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $908.46 million. Hellenic Telecom Organization had a net margin of 12.39% and a return on equity of 26.09%.

About Hellenic Telecom Organization

Hellenic Telecommunications Organization SA provides telecommunications and related services to businesses and individuals primarily in Greece and Romania. It operates through OTE, COSMOTE Group, and Telekom Romania Mobile segments. The company offers fixed-line, Internet access, ICT, and TV production services; and international carrier services.

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