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

Akbank T.A.S. (OTCMKTS:AKBTY) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 113,000 shares, an increase of 24.9% from the May 15th total of 90,500 shares. Based on an average trading volume of 58,800 shares, the days-to-cover ratio is presently 1.9 days.

Akbank T.A.S. Trading Down 2.1 %

Shares of OTCMKTS:AKBTY traded down $0.08 during trading hours on Friday, reaching $3.78. The stock had a trading volume of 11,366 shares, compared to its average volume of 21,392. Akbank T.A.S. has a 1 year low of $1.52 and a 1 year high of $4.30. The firm’s 50 day moving average is $3.75 and its 200-day moving average is $3.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.54.

Akbank T.A.S. (OTCMKTS:AKBTY) last posted its earnings results on Tuesday, April 30th. The company reported $0.16 EPS for the quarter. The firm had revenue of $1.30 billion for the quarter. Akbank T.A.S. had a net margin of 33.72% and a return on equity of 42.44%.

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.