Akbank T.A.S. (OTCMKTS:AKBTY) Short Interest Update

Akbank T.A.S. (OTCMKTS:AKBTY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 4,300 shares, a growth of 2,050.0% from the December 31st total of 200 shares. Based on an average daily volume of 21,900 shares, the days-to-cover ratio is currently 0.2 days.

Akbank T.A.S. Trading Down 2.8 %

AKBTY traded down $0.10 during mid-day trading on Friday, reaching $3.52. 11,178 shares of the company traded hands, compared to its average volume of 12,617. Akbank T.A.S. has a 52-week low of $2.40 and a 52-week high of $4.46. The company’s fifty day moving average price is $3.63 and its 200-day moving average price is $3.47. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.32 and a quick ratio of 0.32.

Akbank T.A.S. (OTCMKTS:AKBTY) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.10 earnings per share (EPS) 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.