Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Short Interest Update

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

Akbank Turk Anonim Sirketi Stock Performance

AKBTY remained flat at $2.92 during midday trading on Thursday. 2,563 shares of the company’s stock were exchanged, compared to its average volume of 14,864. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $7.59 billion, a PE ratio of 4.87 and a beta of 0.63. Akbank Turk Anonim Sirketi has a 52-week low of $2.51 and a 52-week high of $4.24. The business’s 50-day moving average price is $2.86 and its 200-day moving average price is $3.07.

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

Akbank Turk Anonim Sirketi Company Profile

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.