Akbank T.A.S. (OTCMKTS:AKBTY) Sees Significant Growth in Short Interest

Akbank T.A.S. (OTCMKTS:AKBTY) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 86,700 shares, an increase of 134.3% from the May 15th total of 37,000 shares. Based on an average trading volume of 49,300 shares, the days-to-cover ratio is presently 1.8 days.

Akbank T.A.S. Stock Performance

Shares of OTCMKTS:AKBTY opened at $3.03 on Friday. The firm’s 50 day moving average price is $2.69 and its 200 day moving average price is $3.26. Akbank T.A.S. has a fifty-two week low of $2.45 and a fifty-two week high of $4.46. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.69.

Akbank T.A.S. (OTCMKTS:AKBTY) last issued its earnings results on Friday, April 25th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. Akbank T.A.S. had a net margin of 7.38% and a return on equity of 18.44%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion.

About Akbank T.A.S.

Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationally. It operates through Consumer Banking and Private Banking; Commercial Banking, Corporate Banking, and SME Banking; and Treasury, Other, and Unallovated segments. The company’s consumer banking services comprise deposit accounts, retail loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment, foreign currency trading, safe deposit box rental, cheques, money transfer, investment banking, and telephone and internet banking.