Arçelik Anonim Sirketi (OTCMKTS:ACKAY) Sees Large Increase in Short Interest

Arçelik Anonim Sirketi (OTCMKTS:ACKAY) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,212 shares, a growth of 2,130.6% from the July 30th total of 144 shares. Based on an average trading volume of 941 shares, the short-interest ratio is currently 3.4 days.

Arçelik Anonim Sirketi Stock Performance

Shares of ACKAY remained flat at $9.78 during mid-day trading on Tuesday. 169 shares of the stock were exchanged, compared to its average volume of 1,665. The stock’s 50 day moving average price is $10.87 and its two-hundred day moving average price is $12.39. Arçelik Anonim Sirketi has a 1 year low of $9.73 and a 1 year high of $16.29.

About Arçelik Anonim Sirketi

Arçelik Anonim Şirketi is a Turkish multinational consumer durables and electronics company engaged in the design, manufacture and marketing of household appliances. As part of Koç Holding, one of Turkey’s largest industrial groups, Arçelik offers a broad portfolio of white goods including refrigerators, washing machines, dishwashers, ovens and cooking appliances, as well as small domestic appliances such as vacuum cleaners and air conditioners. The company markets its products under a variety of brands, notably Arçelik, Beko and Grundig, targeting both domestic and international markets.

With its headquarters in Istanbul, Arçelik maintains production facilities in Turkey and in key overseas locations across Europe, Asia, Africa and the Middle East.