Akbank T.A.S. (OTCMKTS:AKBTY) Short Interest Up 847.8% in September

Akbank T.A.S. (OTCMKTS:AKBTY) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 21,800 shares, an increase of 847.8% from the August 31st total of 2,300 shares. Based on an average daily volume of 55,700 shares, the short-interest ratio is presently 0.4 days.

Akbank T.A.S. Price Performance

OTCMKTS:AKBTY opened at $3.65 on Friday. The stock has a 50-day simple moving average of $3.58 and a 200 day simple 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. has a 52-week low of $1.91 and a 52-week high of $4.46.

Akbank T.A.S. (OTCMKTS:AKBTY) last announced its earnings results on Monday, July 29th. The company reported $0.13 EPS for the quarter. The business had revenue of $1,000.00 million for 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.