Akbank T.A.S. (OTCMKTS:AKBTY) Short Interest Up 1,025.6% in January

Akbank T.A.S. (OTCMKTS:AKBTY) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 48,400 shares, an increase of 1,025.6% from the January 15th total of 4,300 shares. Based on an average trading volume of 31,600 shares, the short-interest ratio is currently 1.5 days.

Akbank T.A.S. Stock Performance

Akbank T.A.S. stock traded up $0.13 during mid-day trading on Wednesday, hitting $3.49. The company’s stock had a trading volume of 4,412 shares, compared to its average volume of 11,147. The firm’s 50 day moving average is $3.65 and its 200 day moving average is $3.44. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.73. Akbank T.A.S. has a 52-week low of $2.40 and a 52-week high of $4.46.

Akbank T.A.S. (OTCMKTS:AKBTY) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.10 earnings per share (EPS) for the quarter. Akbank T.A.S. had a return on equity of 18.84% and a net margin of 7.38%.

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.