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

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 16 shares, a decline of 99.9% from the August 15th total of 20,757 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 20,012 shares, the days-to-cover ratio is presently 0.0 days.

Akbank Turk Anonim Sirketi Stock Down 5.3%

AKBTY stock traded down $0.17 during midday trading on Thursday, hitting $2.96. The company’s stock had a trading volume of 1,526 shares, compared to its average volume of 14,767. The company has a market cap of $7.71 billion, a PE ratio of 4.94 and a beta of 0.63. Akbank Turk Anonim Sirketi has a 12 month low of $2.51 and a 12 month high of $4.24. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.00. The firm’s 50-day moving average is $2.87 and its 200-day moving average is $3.14.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 28.70%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.49 billion.

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.