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

Akbank T.A.S. (OTCMKTS:AKBTY) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 86,700 shares, a growth of 134.3% from the May 15th total of 37,000 shares. Based on an average daily trading volume, of 49,300 shares, the short-interest ratio is presently 1.8 days.

Akbank T.A.S. Stock Performance

Shares of OTCMKTS:AKBTY opened at $3.02 on Friday. The business has a 50 day simple moving average of $2.68 and a two-hundred day simple moving average of $3.26. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.10. Akbank T.A.S. has a 1 year low of $2.45 and a 1 year high of $4.46.

Akbank T.A.S. (OTCMKTS:AKBTY) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. Akbank T.A.S. had a net margin of 7.38% and a return on equity of 18.44%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion.

About Akbank T.A.S.

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.