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

Akbank T.A.S. (OTCMKTS:AKBTY) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 100 shares, a decrease of 99.0% from the October 31st total of 10,400 shares. Based on an average daily volume of 50,900 shares, the days-to-cover ratio is currently 0.0 days.

Akbank T.A.S. Price Performance

OTCMKTS:AKBTY remained flat at $3.42 during trading hours on Wednesday. 48,462 shares of the company were exchanged, compared to its average volume of 27,602. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.32 and a quick ratio of 0.32. Akbank T.A.S. has a 12-month low of $2.21 and a 12-month high of $4.46. The firm’s fifty day moving average is $3.18 and its 200-day moving average is $3.57.

Akbank T.A.S. (OTCMKTS:AKBTY) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.10 EPS for the quarter. The firm had revenue of $1.18 billion 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.