Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Short Interest Down 58.8% in June

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 17,201 shares, a decline of 58.8% from the May 31st total of 41,731 shares. Based on an average daily volume of 68,985 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Akbank Turk Anonim Sirketi Stock Performance

OTCMKTS:AKBTY opened at $3.17 on Monday. The firm has a market cap of $8.24 billion, a PE ratio of 5.47 and a beta of 0.64. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50 day moving average price of $3.14 and a 200-day moving average price of $3.39. Akbank Turk Anonim Sirketi has a fifty-two week low of $2.51 and a fifty-two week high of $4.24.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Akbank Turk Anonim Sirketi had a net margin of 7.87% and a return on equity of 21.12%.

Akbank Turk Anonim Sirketi Company Profile

Akbank Turk Anonim Sirketi is a leading Turkish banking institution headquartered in Istanbul, offering a comprehensive range of financial products and services to corporate, commercial and retail clientele. Established in 1948, the bank has built a reputation for stability and innovation in Turkey’s banking sector, serving as a key intermediary for both domestic and international customers.

The bank’s principal business activities encompass corporate and commercial lending, small and medium-sized enterprise (SME) financing, consumer and retail banking, private banking, and wealth management services.