Short Interest in Arçelik Anonim Sirketi (OTCMKTS:ACKAY) Drops By 78.0%

Arçelik Anonim Sirketi (OTCMKTS:ACKAYGet Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 40 shares, a drop of 78.0% from the June 30th total of 182 shares. Based on an average trading volume of 1,056 shares, the days-to-cover ratio is currently 0.0 days.

Arçelik Anonim Sirketi Price Performance

Shares of OTCMKTS ACKAY opened at $10.65 on Monday. Arçelik Anonim Sirketi has a 1 year low of $10.12 and a 1 year high of $17.92. The stock’s 50-day simple moving average is $11.53 and its 200-day simple moving average is $12.88.

About Arçelik Anonim Sirketi

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Arçelik Anonim Şirketi is a Turkish multinational consumer durables and electronics company engaged in the design, manufacture and marketing of household appliances. As part of Koç Holding, one of Turkey’s largest industrial groups, Arçelik offers a broad portfolio of white goods including refrigerators, washing machines, dishwashers, ovens and cooking appliances, as well as small domestic appliances such as vacuum cleaners and air conditioners. The company markets its products under a variety of brands, notably Arçelik, Beko and Grundig, targeting both domestic and international markets.

With its headquarters in Istanbul, Arçelik maintains production facilities in Turkey and in key overseas locations across Europe, Asia, Africa and the Middle East.

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