Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 15 shares, a drop of 99.8% from the September 15th total of 7,485 shares. Based on an average trading volume of 28,471 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
Akbank Turk Anonim Sirketi Stock Performance
Shares of AKBTY stock traded down $0.02 during midday trading on Friday, hitting $2.55. The company had a trading volume of 4,291 shares, compared to its average volume of 13,066. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 4.25 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.07 and a quick ratio of 1.07. The company’s 50 day simple moving average is $2.86 and its 200 day simple moving average is $3.02. Akbank Turk Anonim Sirketi has a 52-week low of $2.51 and a 52-week high of $4.24.
Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.49 billion. Akbank Turk Anonim Sirketi had a return on equity of 21.57% and a net margin of 8.19%.
About Akbank Turk Anonim Sirketi
Akbank Türk Anonim Şirketi is a Turkey-based banking and financial services company headquartered in Istanbul. Founded in 1948 by Hacı Ömer Sabancı, the bank was established in Adana to provide financing to local cotton producers and has since developed into a diversified financial institution serving retail, small and medium-sized enterprises, commercial, corporate and investment banking customers.
Akbank offers deposit accounts, consumer and business loans, credit and debit cards, payment services, foreign-exchange transactions, cash management and trade finance.
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