Short Interest in Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Drops By 98.5%

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) saw a significant decrease in short interest in March. As of March 31st, there was short interest totaling 16 shares, a decrease of 98.5% from the March 15th total of 1,086 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 6,296 shares, the short-interest ratio is currently 0.0 days.

Akbank Turk Anonim Sirketi Price Performance

Akbank Turk Anonim Sirketi stock opened at $3.48 on Friday. The business’s 50 day simple moving average is $3.64 and its 200 day simple moving average is $3.28. Akbank Turk Anonim Sirketi has a 12 month low of $2.45 and a 12 month high of $4.24. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 6.21 and a beta of 0.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.91.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. Akbank Turk Anonim Sirketi had a return on equity of 21.46% and a net margin of 7.56%.The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.52 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.