Short Interest in Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Expands By 4,429.3%

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 8,198 shares, an increase of 4,429.3% from the November 30th total of 181 shares. Based on an average daily trading volume, of 65,458 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 65,458 shares, the days-to-cover ratio is currently 0.1 days.

Akbank Turk Anonim Sirketi Stock Down 3.9%

Shares of OTCMKTS:AKBTY traded down $0.13 during mid-day trading on Wednesday, reaching $3.21. 6,294 shares of the company traded hands, compared to its average volume of 20,176. The company’s 50 day moving average price is $2.94 and its 200-day moving average price is $3.09. Akbank Turk Anonim Sirketi has a 52 week low of $2.45 and a 52 week high of $4.25. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.91.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.33 billion. Akbank Turk Anonim Sirketi had a net margin of 6.62% and a return on equity of 18.52%.

Akbank Turk Anonim Sirketi Company Profile

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.