Short Interest in Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Rises By 451.7%

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 20,353 shares, an increase of 451.7% from the April 30th total of 3,689 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is presently 2.1 days.

Akbank Turk Anonim Sirketi Stock Performance

AKBTY stock opened at $2.79 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $7.25 billion, a P/E ratio of 4.81 and a beta of 0.71. The firm has a 50 day simple moving average of $3.20 and a 200 day simple moving average of $3.36. Akbank Turk Anonim Sirketi has a 52 week low of $2.51 and a 52 week high of $4.24.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Akbank Turk Anonim Sirketi had a net margin of 7.87% and a return on equity of 21.12%.

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.