Akbank T.A.S. (OTCMKTS:AKBTY) Sees Significant Drop in Short Interest

Akbank T.A.S. (OTCMKTS:AKBTY) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 3,800 shares, a drop of 69.4% from the July 31st total of 12,400 shares. Based on an average daily trading volume, of 48,600 shares, the short-interest ratio is currently 0.1 days.

Akbank T.A.S. Stock Down 0.3 %

AKBTY traded down $0.01 on Thursday, hitting $3.40. The company’s stock had a trading volume of 8,036 shares, compared to its average volume of 51,409. The company’s 50 day simple moving average is $3.81 and its 200-day simple moving average is $3.50. The firm has a market cap of $8.84 billion, a P/E ratio of 2.65 and a beta of 0.75. Akbank T.A.S. has a 12 month low of $1.91 and a 12 month high of $4.46.

Akbank T.A.S. (OTCMKTS:AKBTY) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.13 EPS for the quarter. The business had revenue of $1,000.00 million for the quarter.

Akbank T.A.S. Company Profile

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.