Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Sees Large Increase in Short Interest

by · The Markets Daily

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 7,485 shares, an increase of 46,681.2% from the August 31st total of 16 shares. Based on an average daily trading volume, of 8,133 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the shares of the stock are short sold.

Akbank Turk Anonim Sirketi Stock Performance

OTCMKTS:AKBTY opened at $2.92 on Friday. Akbank Turk Anonim Sirketi has a 1 year low of $2.51 and a 1 year high of $4.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average price of $2.86 and a two-hundred day moving average price of $3.06. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 4.87 and a beta of 0.63.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.49 billion. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 21.57%.

About Akbank Turk Anonim Sirketi

(Get Free Report)

Akbank Türk Anonim Şirketi is a Turkey-based banking and financial services company headquartered in Istanbul. Founded in 1948, the bank provides services to individuals, businesses and institutions through a broad network of branches, digital channels and other delivery platforms.

Its principal activities include retail banking, commercial and small- and medium-sized enterprise banking, corporate and investment banking, private banking and payment services. Products and services include deposit accounts, consumer and business loans, credit and debit cards, money transfers, cash management, foreign exchange, trade finance, investment products and digital banking solutions.

Akbank primarily serves customers in Turkey and also conducts selected international activities through overseas subsidiaries, branches and representative operations.

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