Short Interest in Akbank T.A.S. (OTCMKTS:AKBTY) Rises By 24.9%

Akbank T.A.S. (OTCMKTS:AKBTYGet Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 113,000 shares, an increase of 24.9% from the May 15th total of 90,500 shares. Based on an average trading volume of 58,800 shares, the short-interest ratio is currently 1.9 days.

Akbank T.A.S. Trading Down 2.1 %

AKBTY stock traded down $0.08 during mid-day trading on Friday, hitting $3.78. The company had a trading volume of 11,366 shares, compared to its average volume of 21,392. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.01 and a current ratio of 1.01. Akbank T.A.S. has a 12 month low of $1.52 and a 12 month high of $4.30. The stock’s fifty day moving average price is $3.75 and its two-hundred day moving average price is $3.04.

Akbank T.A.S. (OTCMKTS:AKBTYGet Free Report) last released its earnings results on Tuesday, April 30th. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $1.30 billion for the quarter. Akbank T.A.S. had a net margin of 33.72% and a return on equity of 42.44%.

Akbank T.A.S. Company Profile

(Get Free Report)

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.

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