Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY) Sees Large Growth in Short Interest

Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 3,981 shares, an increase of 200.0% from the June 15th total of 1,327 shares. Based on an average daily volume of 36,876 shares, the days-to-cover ratio is presently 0.1 days.

Turkiye Garanti Bankasi A.S. Stock Performance

Turkiye Garanti Bankasi A.S. stock opened at $2.69 on Wednesday. The company’s 50-day moving average price is $2.97 and its 200-day moving average price is $3.19. Turkiye Garanti Bankasi A.S. has a twelve month low of $2.68 and a twelve month high of $3.76.

Turkiye Garanti Bankasi A.S. Company Profile

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.