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Akbank T.A.S. (OTCMKTS:AKBTY) Sees Large Increase in Short Interest

Akbank T.A.S. logo with Finance background

Akbank T.A.S. (OTCMKTS:AKBTY - Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,500 shares, a growth of 1,400.0% from the November 30th total of 100 shares. Based on an average daily volume of 50,200 shares, the days-to-cover ratio is presently 0.0 days.

Akbank T.A.S. Stock Performance

OTCMKTS:AKBTY traded up $0.11 during midday trading on Thursday, reaching $3.66. The stock had a trading volume of 27,955 shares, compared to its average volume of 46,551. The stock has a market cap of $9.50 billion, a P/E ratio of 2.63 and a beta of 0.76. 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 12-month low of $2.35 and a 12-month high of $4.46. The firm has a fifty day simple moving average of $3.28 and a two-hundred day simple moving average of $3.52.

Akbank T.A.S. (OTCMKTS:AKBTY - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $1.18 billion for the quarter.

About Akbank T.A.S.

(Get Free Report)

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.

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