Short Interest in Akbank T.A.S. (OTCMKTS:AKBTY) Increases By 333.3%

Akbank T.A.S. (OTCMKTS:AKBTY) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 10,400 shares, an increase of 333.3% from the October 15th total of 2,400 shares. Based on an average daily trading volume, of 98,000 shares, the days-to-cover ratio is currently 0.1 days.

Akbank T.A.S. Stock Performance

Shares of OTCMKTS AKBTY traded up $0.16 during trading on Tuesday, reaching $3.06. The stock had a trading volume of 15,473 shares, compared to its average volume of 36,207. Akbank T.A.S. has a one year low of $1.91 and a one year high of $4.46. The firm’s 50 day moving average price is $3.23 and its two-hundred day moving average price is $3.60. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.99 and a quick ratio of 0.99.

Akbank T.A.S. (OTCMKTS:AKBTY) last posted its earnings results on Thursday, October 24th. The company reported $0.10 earnings per share (EPS) 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.