Short Interest in Akbank T.A.S. (OTCMKTS:AKBTY) Expands By 847.8%

by · The Markets Daily

Akbank T.A.S. (OTCMKTS:AKBTY – Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 21,800 shares, an increase of 847.8% from the August 31st total of 2,300 shares. Based on an average trading volume of 55,700 shares, the days-to-cover ratio is currently 0.4 days.

Akbank T.A.S. Stock Down 0.3 %

Shares of OTCMKTS:AKBTY opened at $3.65 on Friday. The firm’s 50 day simple moving average is $3.58 and its 200 day simple moving average is $3.60. Akbank T.A.S. has a fifty-two week low of $1.91 and a fifty-two week high of $4.46. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.75.

Akbank T.A.S. (OTCMKTS:AKBTY – Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $1,000.00 million during the quarter.

About Akbank T.A.S.

(Get Free Report)

Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationally. It operates through Consumer Banking and Private Banking; Commercial Banking, Corporate Banking, and SME Banking; and Treasury, Other, and Unallovated segments. The company's consumer banking services comprise deposit accounts, retail loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment, foreign currency trading, safe deposit box rental, cheques, money transfer, investment banking, and telephone and internet banking.

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