Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Stock Short Interest Climbs 3,113.3%

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the target of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 482 shares, a growth of 3,113.3% from the October 15th total of 15 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 20,067 shares, the short-interest ratio is currently 0.0 days.

Akbank Turk Anonim Sirketi Stock Performance

Shares of AKBTY traded up $0.04 during mid-day trading on Tuesday, reaching $2.79. The company had a trading volume of 21,851 shares, compared to its average volume of 14,143. Akbank Turk Anonim Sirketi has a 52-week low of $2.34 and a 52-week high of $4.24. 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 stock has a market capitalization of $7.25 billion, a P/E ratio of 4.98 and a beta of 0.62. The stock has a 50 day moving average of $2.78 and a two-hundred day moving average of $3.14.

About Akbank Turk Anonim Sirketi

Akbank T.A.Ş. is a Turkish banking and financial services company founded in 1948 in Adana. It was established to provide financing to local cotton producers and has since grown into a broad-based bank serving individuals, businesses and institutions. The bank offers retail, commercial, corporate and small-business banking, including deposit and lending products, payment services, credit cards, foreign-exchange services and digital banking. It also provides investment and private-banking services.