Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Stock Short Interest Climbs 46,681.2%

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 7,485 shares, an increase of 46,681.2% from the August 31st total of 16 shares. Based on an average daily trading volume, of 8,133 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the company’s shares are short sold.

Akbank Turk Anonim Sirketi Stock Performance

Shares of AKBTY stock remained flat at $2.92 during mid-day trading on Thursday. 2,563 shares of the company’s stock were exchanged, compared to its average volume of 14,864. Akbank Turk Anonim Sirketi has a 12-month low of $2.51 and a 12-month high of $4.24. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 4.87 and a beta of 0.63. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.00. The company has a 50-day moving average price of $2.86 and a 200-day moving average price of $3.07.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. Akbank Turk Anonim Sirketi had a return on equity of 21.57% and a net margin of 8.19%.The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.49 billion.

Akbank Turk Anonim Sirketi Company Profile

Akbank Türk Anonim Şirketi is a Turkey-based banking and financial services company headquartered in Istanbul. Founded in 1948, the bank provides services to individuals, businesses and institutions through a broad network of branches, digital channels and other delivery platforms.

Its principal activities include retail banking, commercial and small- and medium-sized enterprise banking, corporate and investment banking, private banking and payment services. Products and services include deposit accounts, consumer and business loans, credit and debit cards, money transfers, cash management, foreign exchange, trade finance, investment products and digital banking solutions.

Akbank primarily serves customers in Turkey and also conducts selected international activities through overseas subsidiaries, branches and representative operations.