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

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 55,900 shares, anincreaseof665.8% from the July 15th total of 7,300 shares. Based on an average daily volume of 55,500 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 55,500 shares, the short-interest ratio is currently 1.0 days.

Akbank Turk Anonim Sirketi Price Performance

Akbank Turk Anonim Sirketi stock opened at $3.32 on Friday. The company has a fifty day simple moving average of $3.25 and a 200-day simple moving average of $3.15. Akbank Turk Anonim Sirketi has a 12-month low of $2.45 and a 12-month high of $4.25. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.86.

About Akbank Turk Anonim Sirketi

Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationally. It operates through Consumer Banking and Private Banking; Commercial Banking, Corporate Banking, and SME Banking; and Treasury, Other, and Unallovated segments. The company’s consumer banking services comprise deposit accounts, retail loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment, foreign currency trading, safe deposit box rental, cheques, money transfer, investment banking, and telephone and internet banking.