Akbank T.A.S. (OTCMKTS:AKBTY) Sees Significant Drop in Short Interest

Akbank T.A.S. (OTCMKTS:AKBTY) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 16,300 shares, a drop of 66.3% from the January 31st total of 48,400 shares. Based on an average daily volume of 9,300 shares, the short-interest ratio is currently 1.8 days.

Akbank T.A.S. Stock Up 1.1 %

OTCMKTS AKBTY traded up $0.04 on Friday, reaching $3.69. 78,228 shares of the company were exchanged, compared to its average volume of 11,708. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.10. The business’s fifty day moving average price is $3.63 and its 200 day moving average price is $3.43. Akbank T.A.S. has a fifty-two week low of $2.40 and a fifty-two week high of $4.46.

Akbank T.A.S. (OTCMKTS:AKBTY) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.10 earnings per share (EPS) for the quarter. Akbank T.A.S. had a net margin of 7.38% and a return on equity of 18.44%.

About Akbank T.A.S.

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.