Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY) Short Interest Up 83.1% in March

Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 13,000 shares, an increase of 83.1% from the March 15th total of 7,100 shares. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is presently 0.9 days.

Turkiye Garanti Bankasi A.S. Price Performance

OTCMKTS:TKGBY opened at $2.22 on Friday. The business’s 50-day simple moving average is $2.04 and its two-hundred day simple moving average is $1.94. Turkiye Garanti Bankasi A.S. has a 52 week low of $1.14 and a 52 week high of $2.36.

Turkiye Garanti Bankasi A.S. Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 12th. Stockholders 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 of this dividend was Thursday, March 28th. Turkiye Garanti Bankasi A.S.’s payout ratio is 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.