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

Akbank T.A.S. (OTCMKTS:AKBTY) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 200 shares, a decline of 86.7% from the December 15th total of 1,500 shares. Based on an average daily volume of 44,500 shares, the short-interest ratio is currently 0.0 days.

Akbank T.A.S. Trading Down 0.6 %

Shares of AKBTY stock opened at $3.68 on Tuesday. The firm has a 50-day moving average price of $3.46 and a 200 day moving average price of $3.50. Akbank T.A.S. has a 12-month low of $2.40 and a 12-month high of $4.46. The company has a market capitalization of $9.58 billion, a P/E ratio of 2.65 and a beta of 0.74. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.73.

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