Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Short Interest Up 124.7% in June

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,706,613 shares, a growth of 124.7% from the May 31st total of 1,649,944 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 2,345,041 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

A number of hedge funds and other institutional investors have recently modified their holdings of TKC. Millennium Management LLC grew its stake in Turkcell Iletisim Hizmetleri AS by 326.4% during the third quarter. Millennium Management LLC now owns 3,495,391 shares of the Wireless communications provider’s stock valued at $21,042,000 after acquiring an additional 2,675,681 shares in the last quarter. Two Sigma Investments LP lifted its stake in Turkcell Iletisim Hizmetleri AS by 103.5% in the 3rd quarter. Two Sigma Investments LP now owns 1,966,828 shares of the Wireless communications provider’s stock worth $11,840,000 after purchasing an additional 1,000,311 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Turkcell Iletisim Hizmetleri AS by 182.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,280,600 shares of the Wireless communications provider’s stock worth $7,005,000 after purchasing an additional 827,415 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Turkcell Iletisim Hizmetleri AS in the 1st quarter worth $3,413,000. Finally, Voloridge Investment Management LLC bought a new position in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at about $2,888,000.

Turkcell Iletisim Hizmetleri AS Stock Down 0.9%

NYSE TKC opened at $5.96 on Tuesday. The stock’s 50 day moving average is $6.10 and its 200 day moving average is $6.19. The company has a current ratio of 1.69, a quick ratio of 1.68 and a debt-to-equity ratio of 0.58. Turkcell Iletisim Hizmetleri AS has a 12 month low of $5.35 and a 12 month high of $7.18. The stock has a market cap of $5.25 billion, a PE ratio of 12.43 and a beta of 0.97.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.12 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.79% and a net margin of 7.27%.The business had revenue of $1.54 billion during the quarter. Research analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.