Short Interest in Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Decreases By 99.9%

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 15 shares, a decline of 99.9% from the July 15th total of 14,476 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 36,201 shares, the days-to-cover ratio is presently 0.0 days.

Akbank Turk Anonim Sirketi Trading Up 0.4%

AKBTY traded up $0.01 during trading on Tuesday, reaching $2.75. The company had a trading volume of 207 shares, compared to its average volume of 33,532. The stock has a market cap of $7.14 billion, a P/E ratio of 4.58 and a beta of 0.63. The business has a 50 day simple moving average of $2.98 and a 200-day simple moving average of $3.30. Akbank Turk Anonim Sirketi has a 52 week low of $2.51 and a 52 week high of $4.24. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 21.13%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.49 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.