Short Interest in Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Rises By 7,748.9%

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 3,689 shares, an increase of 7,748.9% from the April 15th total of 47 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 3,642 shares, the short-interest ratio is presently 1.0 days.

Akbank Turk Anonim Sirketi Stock Performance

Shares of Akbank Turk Anonim Sirketi stock traded up $0.08 during trading hours on Monday, reaching $3.18. The company’s stock had a trading volume of 2,514 shares, compared to its average volume of 10,768. Akbank Turk Anonim Sirketi has a one year low of $2.51 and a one year high of $4.24. The company’s 50 day simple moving average is $3.41 and its 200 day simple moving average is $3.35. 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 $8.27 billion, a P/E ratio of 5.48 and a beta of 0.71.

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

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.