Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY) Sees Large Increase in Short Interest

by · The Cerbat Gem

Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 229 shares, an increase of 77.5% from the April 30th total of 129 shares. Based on an average trading volume of 2,444 shares, the days-to-cover ratio is currently 0.1 days.

Turkiye Garanti Bankasi A.S. Stock Up 2.2%

OTCMKTS TKGBY opened at $2.90 on Tuesday. Turkiye Garanti Bankasi A.S. has a fifty-two week low of $2.65 and a fifty-two week high of $3.76. The firm’s fifty day moving average price is $3.04 and its two-hundred day moving average price is $3.24.

Turkiye Garanti Bankasi A.S. Company Profile

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Türkiye Garanti Bankası A.Ş., commonly branded as Garanti BBVA, is one of Turkey’s largest private banks. Founded in 1946 and headquartered in Istanbul, the bank offers a comprehensive suite of financial services tailored to retail, commercial and institutional customers. Its core offerings include deposit accounts, payment services, consumer and mortgage lending, credit cards, and treasury operations.

In 2011, Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) acquired a majority stake in Garanti, integrating advanced international banking practices and digital capabilities into its operations.

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