Short Interest in Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Rises By 82,946.7%

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 12,457 shares, an increase of 82,946.7% from the January 29th total of 15 shares. Based on an average trading volume of 7,803 shares, the short-interest ratio is currently 1.6 days. Based on an average trading volume of 7,803 shares, the short-interest ratio is currently 1.6 days.

Akbank Turk Anonim Sirketi Price Performance

Akbank Turk Anonim Sirketi stock opened at $4.15 on Thursday. 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. The firm has a 50 day moving average price of $3.66 and a 200 day moving average price of $3.23.

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 analysts’ consensus estimates of $0.17. Akbank Turk Anonim Sirketi had a net margin of 7.56% and a return on equity of 21.46%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.52 billion.

About Akbank Turk Anonim Sirketi

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.