Akbank T.A.S. (OTCMKTS:AKBTY) Short Interest Down 17.2% in October

Akbank T.A.S. (OTCMKTS:AKBTY) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 2,400 shares, a decline of 17.2% from the September 30th total of 2,900 shares. Based on an average trading volume of 34,200 shares, the short-interest ratio is presently 0.1 days.

Akbank T.A.S. Stock Down 1.9 %

Akbank T.A.S. stock opened at $3.12 on Wednesday. The company’s 50 day simple moving average is $3.34 and its 200 day simple moving average is $3.65. 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 firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 2.17 and a beta of 0.71. Akbank T.A.S. has a fifty-two week low of $1.91 and a fifty-two week high of $4.46.

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

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.