Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Short Interest Update

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 3,024,711 shares, a growth of 97.5% from the July 15th total of 1,531,839 shares. Based on an average daily trading volume, of 3,327,012 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. lifted its stake in shares of Turkcell Iletisim Hizmetleri AS by 7.4% in the first quarter. QRG Capital Management Inc. now owns 23,383 shares of the Wireless communications provider’s stock valued at $141,000 after buying an additional 1,612 shares during the period. SBI Securities Co. Ltd. raised its holdings in Turkcell Iletisim Hizmetleri AS by 50.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 1,698 shares in the last quarter. HB Wealth Management LLC raised its holdings in Turkcell Iletisim Hizmetleri AS by 16.7% in the 4th quarter. HB Wealth Management LLC now owns 12,773 shares of the Wireless communications provider’s stock valued at $70,000 after acquiring an additional 1,831 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 1.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 115,095 shares of the Wireless communications provider’s stock worth $630,000 after acquiring an additional 1,906 shares during the period. Finally, Inspire Investing LLC grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 16.8% during the 4th quarter. Inspire Investing LLC now owns 13,230 shares of the Wireless communications provider’s stock worth $72,000 after purchasing an additional 1,906 shares in the last quarter.

Turkcell Iletisim Hizmetleri AS Stock Performance

NYSE TKC traded up $0.06 during trading on Friday, hitting $5.47. The company’s stock had a trading volume of 1,245,278 shares, compared to its average volume of 2,708,603. Turkcell Iletisim Hizmetleri AS has a 52 week low of $5.29 and a 52 week high of $7.18. The firm has a market cap of $4.82 billion, a P/E ratio of 11.17 and a beta of 0.97. The firm has a 50 day moving average price of $5.76 and a 200 day moving average price of $6.14. The company has a quick ratio of 1.68, a current ratio of 1.69 and a debt-to-equity ratio of 0.58.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings data on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.13% and a return on equity of 6.62%. The business had revenue of $1.58 billion for the quarter. Equities research analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.93 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.