Short Interest in Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Expands By 4,429.3%

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 8,198 shares, an increase of 4,429.3% from the November 30th total of 181 shares. Based on an average daily volume of 65,458 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 65,458 shares, the short-interest ratio is presently 0.1 days.

Akbank Turk Anonim Sirketi Price Performance

OTCMKTS AKBTY opened at $3.21 on Friday. Akbank Turk Anonim Sirketi has a 1 year low of $2.45 and a 1 year high of $4.25. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.02 and a current ratio of 1.02. The company has a fifty day moving average of $2.96 and a 200 day moving average of $3.09.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.33 billion. Akbank Turk Anonim Sirketi had a return on equity of 18.52% and a net margin of 6.62%.

Akbank Turk Anonim Sirketi Company Profile

Akbank Turk Anonim Sirketi is a leading Turkish banking institution headquartered in Istanbul, offering a comprehensive range of financial products and services to corporate, commercial and retail clientele. Established in 1948, the bank has built a reputation for stability and innovation in Turkey’s banking sector, serving as a key intermediary for both domestic and international customers.

The bank’s principal business activities encompass corporate and commercial lending, small and medium-sized enterprise (SME) financing, consumer and retail banking, private banking, and wealth management services.