Short Interest in Akbank T.A.S. (OTCMKTS:AKBTY) Expands By 2,050.0%

Akbank T.A.S. (OTCMKTS:AKBTY) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 4,300 shares, an increase of 2,050.0% from the December 31st total of 200 shares. Based on an average trading volume of 21,900 shares, the short-interest ratio is presently 0.2 days.

Akbank T.A.S. Stock Down 2.8 %

Akbank T.A.S. stock traded down $0.10 during midday trading on Friday, reaching $3.52. 11,178 shares of the company were exchanged, compared to its average volume of 12,617. The firm’s 50-day simple moving average is $3.63 and its 200-day simple moving average is $3.47. Akbank T.A.S. has a 1 year low of $2.40 and a 1 year high of $4.46. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.73.

Akbank T.A.S. (OTCMKTS:AKBTY) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.10 EPS for the quarter.

Akbank T.A.S. Company Profile

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.