Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Short Interest Update

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 9,864 shares, a drop of 20.8% from the February 12th total of 12,457 shares. Based on an average daily volume of 26,380 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 26,380 shares, the days-to-cover ratio is currently 0.4 days.

Akbank Turk Anonim Sirketi Stock Down 6.0%

Shares of OTCMKTS:AKBTY opened at $3.28 on Monday. 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 firm has a fifty day moving average of $3.74 and a 200 day moving average of $3.25. Akbank Turk Anonim Sirketi has a 52-week low of $2.45 and a 52-week high of $4.25.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analysts’ expectations 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.