Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Short Interest Down 58.8% in June

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 17,201 shares, a decline of 58.8% from the May 31st total of 41,731 shares. Based on an average daily trading volume, of 68,985 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Akbank Turk Anonim Sirketi Stock Performance

OTCMKTS:AKBTY opened at $3.29 on Tuesday. The firm has a market capitalization of $8.54 billion, a PE ratio of 5.66 and a beta of 0.64. Akbank Turk Anonim Sirketi has a 1 year low of $2.51 and a 1 year high of $4.24. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm’s fifty day simple moving average is $3.14 and its 200 day simple moving average is $3.39.

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. Akbank Turk Anonim Sirketi had a net margin of 7.87% and a return on equity of 21.12%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.45 billion.

About Akbank Turk Anonim Sirketi

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.