Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Sees Significant Decrease in Short Interest

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 42,600 shares, a decline of 47.9% from the August 15th total of 81,700 shares. Based on an average trading volume of 14,100 shares, the short-interest ratio is currently 3.0 days. Based on an average trading volume of 14,100 shares, the short-interest ratio is currently 3.0 days.

Akbank Turk Anonim Sirketi Stock Up 5.5%

Shares of OTCMKTS AKBTY opened at $2.88 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.86. Akbank Turk Anonim Sirketi has a 1-year low of $2.45 and a 1-year high of $4.25. The company has a fifty day moving average price of $3.26 and a 200 day moving average price of $3.08.

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.