Short Interest in Akbank T.A.S. (OTCMKTS:AKBTY) Grows By 1,400.0%

Akbank T.A.S. (OTCMKTS:AKBTY) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,500 shares, an increase of 1,400.0% from the November 30th total of 100 shares. Based on an average daily volume of 50,200 shares, the short-interest ratio is presently 0.0 days.

Akbank T.A.S. Price Performance

Shares of AKBTY opened at $3.70 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.73. The stock has a market cap of $9.61 billion, a P/E ratio of 2.65 and a beta of 0.76. The stock’s 50-day moving average price is $3.29 and its two-hundred day moving average price is $3.52. Akbank T.A.S. has a 1 year low of $2.35 and a 1 year high of $4.46.

Akbank T.A.S. (OTCMKTS:AKBTY) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $1.18 billion for the quarter.

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.