Akbank T.A.S. (OTCMKTS:AKBTY) Short Interest Down 34.1% in March

Akbank T.A.S. (OTCMKTS:AKBTY) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 9,100 shares, a decline of 34.1% from the February 28th total of 13,800 shares. Based on an average trading volume of 147,800 shares, the days-to-cover ratio is currently 0.1 days.

Akbank T.A.S. Trading Up 4.6 %

Shares of OTCMKTS AKBTY opened at $2.95 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.69. Akbank T.A.S. has a fifty-two week low of $2.55 and a fifty-two week high of $4.46. The firm’s 50-day simple moving average is $3.63 and its 200 day simple moving average is $3.46.

Akbank T.A.S. (OTCMKTS:AKBTY) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.10 earnings per share (EPS) for the quarter. Akbank T.A.S. had a net margin of 7.38% and a return on equity of 18.44%.

Akbank T.A.S. Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be issued a $0.0669 dividend. The ex-dividend date of this dividend is Thursday, March 27th. Akbank T.A.S.’s payout ratio is 8.16%.

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.