Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Short Interest Down 21.2% in September

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 517,500 shares, a drop of 21.2% from the September 15th total of 657,100 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 936,200 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri A.S.

A number of large investors have recently bought and sold shares of TKC. Atlas Capital Advisors LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter valued at approximately $71,000. Aprio Wealth Management LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at $77,000. GAMMA Investing LLC grew its position in Turkcell Iletisim Hizmetleri A.S. by 68.2% during the 2nd quarter. GAMMA Investing LLC now owns 11,210 shares of the Wireless communications provider’s stock worth $85,000 after acquiring an additional 4,545 shares during the last quarter. AQR Capital Management LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter worth about $89,000. Finally, Sivia Capital Partners LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at about $96,000.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

TKC traded down $0.10 on Friday, reaching $6.21. The company had a trading volume of 594,197 shares, compared to its average volume of 443,021. The company’s fifty day moving average is $7.02 and its 200 day moving average is $6.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.56 and a current ratio of 1.57. The stock has a market cap of $5.46 billion, a P/E ratio of 6.86 and a beta of 0.84. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $4.07 and a fifty-two week high of $8.47.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last released its quarterly earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 8.75% and a return on equity of 7.72%. The business had revenue of $1.07 billion for the quarter. As a group, analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current fiscal year.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.