Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Short Interest Down 99.9% in August

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 16 shares, a decrease of 99.9% from the August 15th total of 20,757 shares. Based on an average daily volume of 20,012 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Akbank Turk Anonim Sirketi Trading Down 5.3%

Shares of OTCMKTS:AKBTY traded down $0.17 on Thursday, reaching $2.96. 1,526 shares of the company traded hands, compared to its average volume of 14,767. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.00. 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 simple moving average is $2.87 and its 200 day simple moving average is $3.14. The stock has a market capitalization of $7.71 billion, a P/E ratio of 4.94 and a beta of 0.63.

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, hitting the consensus estimate of $0.13. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 28.70%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.49 billion.

About Akbank Turk Anonim Sirketi

Akbank Turk Anonim Sirketi is a leading Turkish banking institution headquartered in Istanbul, offering a comprehensive range of financial products and services to corporate, commercial and retail clientele. Established in 1948, the bank has built a reputation for stability and innovation in Turkey’s banking sector, serving as a key intermediary for both domestic and international customers.

The bank’s principal business activities encompass corporate and commercial lending, small and medium-sized enterprise (SME) financing, consumer and retail banking, private banking, and wealth management services.