Akbank T.A.S. (OTCMKTS:AKBTY) Short Interest Update

Akbank T.A.S. (OTCMKTS:AKBTYGet Free Report) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 57,200 shares, a drop of 6.1% from the February 29th total of 60,900 shares. Based on an average daily trading volume, of 42,900 shares, the days-to-cover ratio is presently 1.3 days.

Akbank T.A.S. Price Performance

AKBTY stock opened at $3.07 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.54. Akbank T.A.S. has a 1 year low of $1.41 and a 1 year high of $3.09. The stock’s fifty day moving average is $2.72 and its two-hundred day moving average is $2.48.

Akbank T.A.S. Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th will be paid a $0.0928 dividend. The ex-dividend date of this dividend is Tuesday, March 26th. Akbank T.A.S.’s payout ratio is 6.72%.

Akbank T.A.S. Company Profile

(Get Free Report)

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.

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