Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,464 shares, an increase of 539.3% from the May 14th total of 229 shares. Based on an average daily volume of 6,554 shares, the days-to-cover ratio is presently 0.2 days.
Turkiye Garanti Bankasi A.S. Stock Up 3.3%
TKGBY opened at $2.81 on Thursday. The firm’s 50-day simple moving average is $3.00 and its 200-day simple moving average is $3.23. Turkiye Garanti Bankasi A.S. has a twelve month low of $2.65 and a twelve month high of $3.76.
About Turkiye Garanti Bankasi A.S.
Türkiye Garanti Bankası A.Ş., commonly branded as Garanti BBVA, is one of Turkey’s largest private banks. Founded in 1946 and headquartered in Istanbul, the bank offers a comprehensive suite of financial services tailored to retail, commercial and institutional customers. Its core offerings include deposit accounts, payment services, consumer and mortgage lending, credit cards, and treasury operations.
In 2011, Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) acquired a majority stake in Garanti, integrating advanced international banking practices and digital capabilities into its operations.
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