Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Short Interest Up 47.5% in May

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,740,000 shares, an increase of 47.5% from the April 30th total of 1,180,000 shares. Based on an average daily trading volume, of 774,400 shares, the short-interest ratio is currently 2.2 days. Currently, 0.2% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 20th.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri A.S.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. boosted its position in Turkcell Iletisim Hizmetleri A.S. by 17.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider's stock valued at $77,000 after buying an additional 1,816 shares during the period. Aquatic Capital Management LLC grew its position in shares of Turkcell Iletisim Hizmetleri A.S. by 89.4% during the fourth quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 2,145 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Turkcell Iletisim Hizmetleri A.S. by 2.7% during the fourth quarter. Quadrant Capital Group LLC now owns 85,703 shares of the Wireless communications provider's stock worth $558,000 after buying an additional 2,273 shares in the last quarter. US Bancorp DE grew its position in shares of Turkcell Iletisim Hizmetleri A.S. by 6.8% during the fourth quarter. US Bancorp DE now owns 36,111 shares of the Wireless communications provider's stock worth $235,000 after buying an additional 2,297 shares in the last quarter. Finally, Corient Private Wealth LLC grew its position in shares of Turkcell Iletisim Hizmetleri A.S. by 2.2% during the fourth quarter. Corient Private Wealth LLC now owns 109,286 shares of the Wireless communications provider's stock worth $711,000 after buying an additional 2,332 shares in the last quarter.

Turkcell Iletisim Hizmetleri A.S. Stock Down 0.9%

Turkcell Iletisim Hizmetleri A.S. stock traded down $0.06 during mid-day trading on Thursday, reaching $6.19. 303,765 shares of the company's stock were exchanged, compared to its average volume of 648,900. The company has a market cap of $5.44 billion, a P/E ratio of 4.21 and a beta of 0.90. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $5.66 and a twelve month high of $8.47. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average of $6.10 and a 200-day moving average of $6.63.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. The company had revenue of $1.19 billion during the quarter. Sell-side analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.26 EPS for the current year.

Turkcell Iletisim Hizmetleri A.S. Dividend Announcement

The firm also recently declared a -- dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th will be given a $0.0866 dividend. The ex-dividend date is Monday, December 29th. This represents a yield of 2.9%. Turkcell Iletisim Hizmetleri A.S.'s dividend payout ratio is presently 11.56%.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.