Short Interest in Akbank T.A.S. (OTCMKTS:AKBTY) Decreases By 86.7%

Akbank T.A.S. (OTCMKTS:AKBTY) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 200 shares, a drop of 86.7% from the December 15th total of 1,500 shares. Based on an average daily volume of 44,500 shares, the short-interest ratio is presently 0.0 days.

Akbank T.A.S. Trading Down 5.0 %

AKBTY stock opened at $3.50 on Wednesday. Akbank T.A.S. has a 12 month low of $2.40 and a 12 month high of $4.46. The firm’s 50-day moving average is $3.48 and its 200 day moving average is $3.50. The company has a market capitalization of $9.10 billion, a PE ratio of 2.65 and a beta of 0.74. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.32 and a quick ratio of 0.32.

Akbank T.A.S. (OTCMKTS:AKBTY) last issued its earnings results on Thursday, October 24th. The company reported $0.10 EPS for the quarter. The company had revenue of $1.18 billion 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.