Short Interest in Akbank T.A.S. (OTCMKTS:AKBTY) Increases By 2,050.0%

Akbank T.A.S. (OTCMKTS:AKBTY) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 4,300 shares, a growth of 2,050.0% from the December 31st total of 200 shares. Based on an average trading volume of 21,900 shares, the short-interest ratio is currently 0.2 days.

Akbank T.A.S. Price Performance

AKBTY traded up $0.09 on Thursday, hitting $3.84. 11,702 shares of the company were exchanged, compared to its average volume of 12,697. Akbank T.A.S. has a 12 month low of $2.40 and a 12 month high of $4.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.32 and a current ratio of 0.32. The stock’s fifty day moving average is $3.62 and its 200-day moving average is $3.48.

Akbank T.A.S. Company Profile

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.