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

Akbank T.A.S. (OTCMKTS:AKBTY) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 9,100 shares, a decrease of 34.1% from the February 28th total of 13,800 shares. Based on an average trading volume of 147,800 shares, the short-interest ratio is presently 0.1 days.

Akbank T.A.S. Trading Up 4.6 %

OTCMKTS AKBTY opened at $2.95 on Friday. The stock’s 50 day moving average price is $3.63 and its two-hundred day moving average price is $3.46. Akbank T.A.S. has a 52 week low of $2.55 and a 52 week high of $4.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.10.

Akbank T.A.S. (OTCMKTS:AKBTY) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.10 earnings per share for the quarter. Akbank T.A.S. had a return on equity of 18.44% and a net margin of 7.38%.

Akbank T.A.S. Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be issued a $0.0669 dividend. The ex-dividend date is Thursday, March 27th. Akbank T.A.S.’s dividend payout ratio is currently 8.16%.

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.