Short Interest in Akbank T.A.S. (OTCMKTS:AKBTY) Increases By 333.3%

Akbank T.A.S. (OTCMKTS:AKBTY) was the recipient of a large increase in short interest in 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 short-interest ratio is presently 0.1 days.

Akbank T.A.S. Trading Up 5.7 %

Shares of Akbank T.A.S. stock traded up $0.16 during trading hours on Tuesday, reaching $3.06. 15,473 shares of the company’s stock were exchanged, compared to its average volume of 36,207. Akbank T.A.S. has a fifty-two week low of $1.91 and a fifty-two week high of $4.46. The company has a 50 day moving average of $3.23 and a two-hundred day moving average of $3.60. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.75.

Akbank T.A.S. (OTCMKTS:AKBTY) last announced its quarterly earnings data 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.