Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Short Interest Down 99.9% in July

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 15 shares, a drop of 99.9% from the July 15th total of 14,476 shares. Based on an average daily volume of 36,201 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Akbank Turk Anonim Sirketi Trading Up 0.4%

Shares of AKBTY traded up $0.01 during trading hours on Tuesday, reaching $2.75. 207 shares of the company traded hands, compared to its average volume of 33,532. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 4.58 and a beta of 0.63. Akbank Turk Anonim Sirketi has a 12-month low of $2.51 and a 12-month 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 stock’s fifty day moving average price is $2.98 and its 200 day moving average price is $3.30.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.49 billion. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 21.13%.

Akbank Turk Anonim Sirketi Company Profile

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.