Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Short Interest Update

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 41,731 shares, an increase of 105.0% from the May 14th total of 20,353 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 25,758 shares, the days-to-cover ratio is currently 1.6 days.

Akbank Turk Anonim Sirketi Trading Up 2.2%

AKBTY stock opened at $2.85 on Friday. The company has a market cap of $7.41 billion, a P/E ratio of 4.91 and a beta of 0.63. Akbank Turk Anonim Sirketi has a twelve month low of $2.51 and a twelve month high of $4.24. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average of $3.14 and a 200-day moving average of $3.37.

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

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.