Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Sees Significant Drop in Short Interest

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 16 shares, a decline of 98.5% from the March 15th total of 1,086 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 6,296 shares, the days-to-cover ratio is currently 0.0 days.

Akbank Turk Anonim Sirketi Price Performance

OTCMKTS AKBTY traded down $0.07 during trading on Friday, hitting $3.48. 164 shares of the company’s stock were exchanged, compared to its average volume of 13,055. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.91. The company has a market cap of $9.05 billion, a PE ratio of 6.21 and a beta of 0.67. Akbank Turk Anonim Sirketi has a fifty-two week low of $2.45 and a fifty-two week high of $4.24. The stock’s 50 day moving average price is $3.65 and its two-hundred day moving average price is $3.28.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last issued its earnings results on Monday, February 2nd. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.52 billion. Akbank Turk Anonim Sirketi had a return on equity of 21.46% and a net margin of 7.56%.

Akbank Turk Anonim Sirketi Company Profile

Akbank Turk Anonim Sirketi is a leading Turkish banking institution headquartered in Istanbul, offering a comprehensive range of financial products and services to corporate, commercial and retail clientele. Established in 1948, the bank has built a reputation for stability and innovation in Turkey’s banking sector, serving as a key intermediary for both domestic and international customers.

The bank’s principal business activities encompass corporate and commercial lending, small and medium-sized enterprise (SME) financing, consumer and retail banking, private banking, and wealth management services.