Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Sees Large Drop in Short Interest

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 15 shares, a decline of 99.9% from the July 15th total of 14,476 shares. Based on an average daily volume of 36,201 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Akbank Turk Anonim Sirketi Trading Up 5.6%

Shares of OTCMKTS:AKBTY opened at $2.90 on Thursday. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 4.83 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 company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50 day moving average price of $2.98 and a 200 day moving average price of $3.29.

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