Akbank T.A.S. (OTCMKTS:AKBTY) Short Interest Update

Akbank T.A.S. (OTCMKTS:AKBTY) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 34,900 shares, a decrease of 39.0% from the March 15th total of 57,200 shares. Based on an average daily volume of 30,400 shares, the short-interest ratio is presently 1.1 days.

Akbank T.A.S. Stock Up 3.9 %

OTCMKTS:AKBTY opened at $3.49 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average is $2.82 and its two-hundred day moving average is $2.54. Akbank T.A.S. has a 52 week low of $1.41 and a 52 week high of $3.49. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 2.60 and a beta of 0.82.

Akbank T.A.S. Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were paid a dividend of $0.0928 per share. The ex-dividend date was Tuesday, March 26th. Akbank T.A.S.’s dividend payout ratio (DPR) is 6.72%.

About Akbank T.A.S.

Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationally. It operates through Consumer Banking and Private Banking; Commercial Banking, Corporate Banking, and SME Banking; and Treasury, Other, and Unallovated segments. The company's consumer banking services comprise deposit accounts, retail loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment, foreign currency trading, safe deposit box rental, cheques, money transfer, investment banking, and telephone and internet banking.