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

Akbank T.A.S. (OTCMKTS:AKBTY) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 2,900 shares, a decline of 86.7% from the September 15th total of 21,800 shares. Based on an average daily trading volume, of 196,500 shares, the days-to-cover ratio is currently 0.0 days.

Akbank T.A.S. Stock Performance

Shares of AKBTY stock opened at $3.23 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.75. Akbank T.A.S. has a 52 week low of $1.91 and a 52 week high of $4.46. The firm’s 50-day simple moving average is $3.41 and its two-hundred day simple moving average is $3.65.

Akbank T.A.S. (OTCMKTS:AKBTY) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $1,000.00 million 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.