Arçelik Anonim Sirketi (OTCMKTS:ACKAY) Short Interest Up 398.3% in May

Arçelik Anonim Sirketi (OTCMKTS:ACKAY) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 299 shares, a growth of 398.3% from the April 30th total of 60 shares. Based on an average daily trading volume, of 95 shares, the days-to-cover ratio is presently 3.1 days.

Arçelik Anonim Sirketi Stock Performance

OTCMKTS:ACKAY opened at $11.26 on Thursday. The company has a fifty day moving average of $12.95 and a 200 day moving average of $13.35. Arçelik Anonim Sirketi has a 52 week low of $11.26 and a 52 week high of $17.92.

About Arçelik Anonim Sirketi

Arçelik Anonim Şirketi is a Turkish multinational consumer durables and electronics company engaged in the design, manufacture and marketing of household appliances. As part of Koç Holding, one of Turkey’s largest industrial groups, Arçelik offers a broad portfolio of white goods including refrigerators, washing machines, dishwashers, ovens and cooking appliances, as well as small domestic appliances such as vacuum cleaners and air conditioners. The company markets its products under a variety of brands, notably Arçelik, Beko and Grundig, targeting both domestic and international markets.

With its headquarters in Istanbul, Arçelik maintains production facilities in Turkey and in key overseas locations across Europe, Asia, Africa and the Middle East.