Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY) Sees Large Growth in Short Interest

Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 3,981 shares, a growth of 200.0% from the June 15th total of 1,327 shares. Based on an average trading volume of 36,876 shares, the short-interest ratio is currently 0.1 days.

Turkiye Garanti Bankasi A.S. Trading Down 1.1%

Turkiye Garanti Bankasi A.S. stock traded down $0.03 during midday trading on Tuesday, reaching $2.69. The company had a trading volume of 155 shares, compared to its average volume of 8,356. The firm’s fifty day simple moving average is $2.98 and its 200-day simple moving average is $3.19. Turkiye Garanti Bankasi A.S. has a 12-month low of $2.68 and a 12-month high of $3.76.

Turkiye Garanti Bankasi A.S. Company Profile

Türkiye Garanti Bankası A.Ş., commonly branded as Garanti BBVA, is one of Turkey’s largest private banks. Founded in 1946 and headquartered in Istanbul, the bank offers a comprehensive suite of financial services tailored to retail, commercial and institutional customers. Its core offerings include deposit accounts, payment services, consumer and mortgage lending, credit cards, and treasury operations.

In 2011, Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) acquired a majority stake in Garanti, integrating advanced international banking practices and digital capabilities into its operations.