Akbank T.A.S. (OTCMKTS:AKBTY) Sees Significant Increase in Short Interest

Akbank T.A.S. (OTCMKTS:AKBTY) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 10,400 shares, an increase of 333.3% from the October 15th total of 2,400 shares. Based on an average daily volume of 98,000 shares, the days-to-cover ratio is presently 0.1 days.

Akbank T.A.S. Stock Up 1.6 %

Shares of Akbank T.A.S. stock opened at $3.15 on Thursday. Akbank T.A.S. has a 12-month low of $1.91 and a 12-month high of $4.46. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50-day moving average price is $3.21 and its 200-day moving average price is $3.60.

Akbank T.A.S. (OTCMKTS:AKBTY) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $1.18 billion during the quarter.

Akbank T.A.S. Company Profile

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.