Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Sees Significant Drop in Short Interest

Key Points

• Short interest plunged 98.5% — short interest fell to just 16 shares as of March 31, leaving a days-to-cover of 0.0 and approximately 0.0% of the stock sold short.
• Recent trading and valuation: AKBTY last traded at $3.48 with a market cap of $9.05 billion, a P/E of 6.21, and a 12‑month range of $2.45–$4.24 (50/200‑day moving averages $3.65/$3.28).
• Quarterly results: the company reported EPS $0.17 (in line with estimates) and revenue of $1.59 billion (above expectations), with a net margin of 7.56% and ROE of 21.46%.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY - Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 16 shares, a decrease of 98.5% from the March 15th total of 1,086 shares. Based on an average daily volume of 6,296 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Akbank Turk Anonim Sirketi Price Performance

AKBTY traded down $0.07 on Friday, hitting $3.48. 164 shares of the stock were exchanged, compared to its average volume of 13,055. Akbank Turk Anonim Sirketi has a 12 month low of $2.45 and a 12 month high of $4.24. The business has a 50-day moving average of $3.65 and a two-hundred day moving average of $3.28. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 6.21 and a beta of 0.67.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY - Get Free Report) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Akbank Turk Anonim Sirketi had a net margin of 7.56% and a return on equity of 21.46%. The business had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.52 billion.

Akbank Turk Anonim Sirketi Company Profile

Akbank Turk Anonim Sirketi is a leading Turkish banking institution headquartered in Istanbul, offering a comprehensive range of financial products and services to corporate, commercial and retail clientele. Established in 1948, the bank has built a reputation for stability and innovation in Turkey's banking sector, serving as a key intermediary for both domestic and international customers.

The bank's principal business activities encompass corporate and commercial lending, small and medium-sized enterprise (SME) financing, consumer and retail banking, private banking, and wealth management services.

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