Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Sees Significant Growth in Short Interest

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 41,731 shares, an increase of 105.0% from the May 14th total of 20,353 shares. Based on an average daily volume of 25,758 shares, the short-interest ratio is currently 1.6 days. Approximately 0.0% of the shares of the company are sold short.

Akbank Turk Anonim Sirketi Price Performance

AKBTY stock opened at $2.85 on Monday. The stock’s fifty day simple moving average is $3.14 and its two-hundred day simple moving average is $3.37. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. Akbank Turk Anonim Sirketi has a 1-year low of $2.51 and a 1-year high of $4.24. The stock has a market cap of $7.41 billion, a P/E ratio of 4.91 and a beta of 0.64.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. Akbank Turk Anonim Sirketi had a return on equity of 21.12% and a net margin of 7.87%.The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.45 billion.

Akbank Turk Anonim Sirketi Company Profile

Akbank Turk Anonim Sirketi is a leading Turkish banking institution headquartered in Istanbul, offering a comprehensive range of financial products and services to corporate, commercial and retail clientele. Established in 1948, the bank has built a reputation for stability and innovation in Turkey’s banking sector, serving as a key intermediary for both domestic and international customers.

The bank’s principal business activities encompass corporate and commercial lending, small and medium-sized enterprise (SME) financing, consumer and retail banking, private banking, and wealth management services.