Short Interest in Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Decreases By 42.5%

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 11,554 shares, a decline of 42.5% from the December 31st total of 20,092 shares. Based on an average trading volume of 26,830 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 26,830 shares, the days-to-cover ratio is presently 0.4 days.

Akbank Turk Anonim Sirketi Trading Up 0.8%

AKBTY opened at $4.03 on Friday. The stock’s fifty day simple moving average is $3.31 and its 200 day simple moving average is $3.13. Akbank Turk Anonim Sirketi has a 1-year low of $2.45 and a 1-year high of $4.25. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.02 and a current ratio of 1.02.

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.