Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 17,201 shares, a drop of 58.8% from the May 31st total of 41,731 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 68,985 shares, the short-interest ratio is presently 0.2 days.
Akbank Turk Anonim Sirketi Trading Up 4.7%
Shares of AKBTY stock opened at $3.44 on Wednesday. The firm has a 50-day moving average price of $3.13 and a 200 day moving average price of $3.39. Akbank Turk Anonim Sirketi has a twelve month low of $2.51 and a twelve month high of $4.24. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 5.93 and a beta of 0.63. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85.
Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.45 billion. Akbank Turk Anonim Sirketi had a net margin of 7.87% and a return on equity of 21.12%.
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.
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