Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Short Interest Up 138,280.0% in August

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 20,757 shares, a growth of 138,280.0% from the July 30th total of 15 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,490 shares, the days-to-cover ratio is presently 1.1 days.

Akbank Turk Anonim Sirketi Stock Performance

Shares of AKBTY remained flat at $2.95 during trading hours on Tuesday. 672 shares of the stock were exchanged, compared to its average volume of 12,418. The stock has a market capitalization of $7.67 billion, a P/E ratio of 4.91 and a beta of 0.63. Akbank Turk Anonim Sirketi has a 1-year low of $2.51 and a 1-year high of $4.24. The firm has a 50-day moving average of $2.96 and a 200 day moving average of $3.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Akbank Turk Anonim Sirketi had a return on equity of 21.13% and a net margin of 8.19%.The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.49 billion.

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.