Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Sees Large Increase in Short Interest

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 20,092 shares, an increase of 145.1% from the December 15th total of 8,198 shares. Based on an average daily volume of 7,146 shares, the short-interest ratio is currently 2.8 days. Based on an average daily volume of 7,146 shares, the short-interest ratio is currently 2.8 days.

Akbank Turk Anonim Sirketi Price Performance

Shares of OTCMKTS:AKBTY opened at $3.33 on Wednesday. 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 business has a 50-day moving average of $3.11 and a two-hundred day moving average of $3.12. Akbank Turk Anonim Sirketi has a 12 month low of $2.45 and a 12 month high of $4.25.

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

About Akbank Turk Anonim Sirketi

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.