Akbank T.A.S. (OTCMKTS:AKBTY) Short Interest Down 45.8% in June

Akbank T.A.S. (OTCMKTS:AKBTY) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 61,200 shares, a decline of 45.8% from the May 31st total of 113,000 shares. Based on an average daily volume of 27,100 shares, the days-to-cover ratio is presently 2.3 days.

Akbank T.A.S. Trading Down 4.9 %

OTCMKTS:AKBTY opened at $3.88 on Friday. Akbank T.A.S. has a one year low of $1.54 and a one year high of $4.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a 50-day simple moving average of $3.84 and a 200-day simple moving average of $3.15.

Akbank T.A.S. (OTCMKTS:AKBTY) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.16 EPS for the quarter. The firm had revenue of $1.30 billion during the quarter. Akbank T.A.S. had a net margin of 33.72% and a return on equity of 42.44%.

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.