Short Interest in Akbank T.A.S. (OTCMKTS:AKBTY) Grows By 1,025.6%

Akbank T.A.S. (OTCMKTS:AKBTY) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 48,400 shares, a growth of 1,025.6% from the January 15th total of 4,300 shares. Based on an average daily volume of 31,600 shares, the days-to-cover ratio is presently 1.5 days.

Akbank T.A.S. Price Performance

Shares of Akbank T.A.S. stock opened at $3.54 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.73. Akbank T.A.S. has a 52 week low of $2.40 and a 52 week high of $4.46. The firm’s 50 day moving average is $3.64 and its two-hundred day moving average is $3.43.

Akbank T.A.S. (OTCMKTS:AKBTY) last posted its earnings results on Friday, January 31st. The company reported $0.10 EPS for the quarter. Akbank T.A.S. had a net margin of 7.38% and a return on equity of 18.84%.

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.