Short Interest in Arçelik Anonim Sirketi (OTCMKTS:ACKAY) Increases By 2,130.6%

Arçelik Anonim Sirketi (OTCMKTS:ACKAY) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,212 shares, a growth of 2,130.6% from the July 30th total of 144 shares. Based on an average daily volume of 941 shares, the days-to-cover ratio is presently 3.4 days.

Arçelik Anonim Sirketi Price Performance

OTCMKTS ACKAY remained flat at $9.78 during trading hours on Tuesday. The company’s stock had a trading volume of 169 shares, compared to its average volume of 1,665. The stock has a 50 day moving average price of $10.87 and a 200-day moving average price of $12.39. Arçelik Anonim Sirketi has a 52 week low of $9.73 and a 52 week high of $16.29.

Arçelik Anonim Sirketi Company Profile

Arçelik Anonim Şirketi is a Turkish multinational consumer durables and electronics company engaged in the design, manufacture and marketing of household appliances. As part of Koç Holding, one of Turkey’s largest industrial groups, Arçelik offers a broad portfolio of white goods including refrigerators, washing machines, dishwashers, ovens and cooking appliances, as well as small domestic appliances such as vacuum cleaners and air conditioners. The company markets its products under a variety of brands, notably Arçelik, Beko and Grundig, targeting both domestic and international markets.

With its headquarters in Istanbul, Arçelik maintains production facilities in Turkey and in key overseas locations across Europe, Asia, Africa and the Middle East.