Short Interest in Akbank T.A.S. (OTCMKTS:AKBTY) Decreases By 70.8%

Akbank T.A.S. (OTCMKTS:AKBTY) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 10,200 shares, a decrease of 70.8% from the March 31st total of 34,900 shares. Based on an average daily volume of 241,200 shares, the short-interest ratio is presently 0.0 days.

Akbank T.A.S. Trading Up 6.0 %

Shares of AKBTY traded up $0.21 during midday trading on Thursday, hitting $3.72. 2,780 shares of the stock were exchanged, compared to its average volume of 118,961. The stock has a fifty day simple moving average of $2.97 and a 200 day simple moving average of $2.61. Akbank T.A.S. has a 52-week low of $1.41 and a 52-week high of $3.75. 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 market cap of $9.67 billion, a P/E ratio of 2.78 and a beta of 0.82.

Akbank T.A.S. Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were paid a dividend of $0.0928 per share. The ex-dividend date was Tuesday, March 26th. Akbank T.A.S.’s dividend payout ratio (DPR) is presently 6.72%.

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.