Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY) Sees Significant Drop in Short Interest

Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 100 shares, a drop of 99.2% from the March 31st total of 13,000 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is presently 0.0 days.

Turkiye Garanti Bankasi A.S. Stock Performance

Shares of Turkiye Garanti Bankasi A.S. stock traded up $0.06 during trading on Friday, hitting $2.46. The company’s stock had a trading volume of 8,453 shares, compared to its average volume of 27,725. The stock has a 50-day moving average price of $2.09 and a two-hundred day moving average price of $1.96. Turkiye Garanti Bankasi A.S. has a 52 week low of $1.14 and a 52 week high of $2.49.

Turkiye Garanti Bankasi A.S. Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were issued a $0.0768 dividend. This is a boost from Turkiye Garanti Bankasi A.S.’s previous dividend of $0.02. The ex-dividend date was Thursday, March 28th. Turkiye Garanti Bankasi A.S.’s dividend payout ratio (DPR) is currently 9.49%.

Turkiye Garanti Bankasi A.S. Company Profile

Turkiye Garanti Bankasi A.S. provides various banking products and services in Turkey. The company offers current, savings, time and term deposit, e-savings, YUVAM, NET, ELMA, overdraft, and gold accounts; general purpose, auto, mortgage, commercial, and project loans, as well as IBOR reforms and foreign trade financing; investment funds, stocks, derivatives, Garanti BBVA e-trader platform, time barred deposit and investment lists, and derivative instruments; credit and debit cards, bonusflas, and POS and e-commerce products; and insurance and pension products.