Short Interest in Akbank T.A.S. (OTCMKTS:AKBTY) Rises By 24.9%

Akbank T.A.S. (OTCMKTS:AKBTY) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 113,000 shares, an increase of 24.9% from the May 15th total of 90,500 shares. Based on an average daily volume of 58,800 shares, the short-interest ratio is presently 1.9 days.

Akbank T.A.S. Price Performance

AKBTY opened at $3.78 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average price of $3.75 and a 200 day moving average price of $3.05. Akbank T.A.S. has a 1 year low of $1.52 and a 1 year high of $4.30.

Akbank T.A.S. (OTCMKTS:AKBTY) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $1.30 billion during the quarter. Akbank T.A.S. had a net margin of 33.72% and a return on equity of 42.44%.

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.