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

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 47 shares, an increase of 193.8% from the March 31st total of 16 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,899 shares, the short-interest ratio is currently 0.0 days.

Akbank Turk Anonim Sirketi Stock Performance

OTCMKTS:AKBTY opened at $3.43 on Friday. The company’s 50-day moving average price is $3.53 and its 200-day moving average price is $3.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.91. The company has a market cap of $8.92 billion, a P/E ratio of 6.13 and a beta of 0.67. Akbank Turk Anonim Sirketi has a twelve month low of $2.47 and a twelve month high of $4.24.

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

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.