Arçelik Anonim Sirketi (OTCMKTS:ACKAY) Sees Large Decline in Short Interest

Arçelik Anonim Sirketi (OTCMKTS:ACKAY – Get Rating) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 100 shares, a decline of 75.0% from the April 30th total of 400 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 1.0 days.

Arçelik Anonim Sirketi Stock Performance

Arçelik Anonim Sirketi stock opened at $23.75 on Friday. Arçelik Anonim Sirketi has a 52 week low of $17.46 and a 52 week high of $33.40. The business has a 50-day simple moving average of $28.27 and a 200 day simple moving average of $27.19.

Arçelik Anonim Sirketi Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 6th. Stockholders of record on Tuesday, March 21st were issued a $0.3072 dividend. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, March 20th. Arçelik Anonim Sirketi’s payout ratio is currently 39.02%.

Arçelik Anonim Sirketi Company Profile

(Get Rating)

Arçelik AS engages in the production, distribution, sales and marketing of consumer durable goods, and consumer electronics. It operates through the following segments: White Goods, Consumer Electronics and Other. The White Goods segment comprises of washing machines, dryers, dish washers, refrigerators, ovens, and cookers.