Akbank T.A.S. (OTCMKTS:AKBTY) Short Interest Up 1,400.0% in December

Akbank T.A.S. (OTCMKTS:AKBTY) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,500 shares, a growth of 1,400.0% from the November 30th total of 100 shares. Based on an average daily volume of 50,200 shares, the short-interest ratio is currently 0.0 days.

Akbank T.A.S. Stock Down 5.3 %

AKBTY stock traded down $0.04 during midday trading on Thursday, reaching $3.55. 15,833 shares of the company were exchanged, compared to its average volume of 46,626. The stock’s 50-day simple moving average is $3.27 and its 200 day simple moving average is $3.51. Akbank T.A.S. has a 1-year low of $2.35 and a 1-year high of $4.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market cap of $9.23 billion, a price-to-earnings ratio of 2.63 and a beta of 0.76.

Akbank T.A.S. (OTCMKTS:AKBTY) last posted its earnings results on Thursday, October 24th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $1.18 billion during the quarter.

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.