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

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 482 shares, an increase of 3,113.3% from the October 15th total of 15 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 20,067 shares, the short-interest ratio is presently 0.0 days.

Akbank Turk Anonim Sirketi Stock Performance

Akbank Turk Anonim Sirketi stock traded up $0.04 during mid-day trading on Tuesday, reaching $2.79. 21,851 shares of the company traded hands, compared to its average volume of 14,143. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.07 and a quick ratio of 1.07. Akbank Turk Anonim Sirketi has a fifty-two week low of $2.34 and a fifty-two week high of $4.24. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 4.98 and a beta of 0.62. The firm’s fifty day moving average is $2.78 and its two-hundred day moving average is $3.14.

Akbank Turk Anonim Sirketi Company Profile

Akbank T.A.Ş. is a Turkish banking and financial services company founded in 1948 in Adana. It was established to provide financing to local cotton producers and has since grown into a broad-based bank serving individuals, businesses and institutions. The bank offers retail, commercial, corporate and small-business banking, including deposit and lending products, payment services, credit cards, foreign-exchange services and digital banking. It also provides investment and private-banking services.