Akbank T.A.S. (OTCMKTS:AKBTY) Sees Large Drop in Short Interest

Akbank T.A.S. (OTCMKTS:AKBTY) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 200 shares, a drop of 86.7% from the December 31st total of 1,500 shares. Based on an average trading volume of 44,500 shares, the short-interest ratio is presently 0.0 days.

Akbank T.A.S. Stock Performance

Shares of Akbank T.A.S. stock opened at $3.84 on Thursday. The stock has a 50 day moving average price of $3.62 and a 200-day moving average price of $3.48. Akbank T.A.S. has a one year low of $2.40 and a one year high of $4.46. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.73.

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.