Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Short Interest Update

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 900,900 shares, a growth of 33.8% from the March 15th total of 673,300 shares. Based on an average daily volume of 585,500 shares, the short-interest ratio is presently 1.5 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. PDS Planning Inc increased its holdings in Turkcell Iletisim Hizmetleri A.S. by 12.1% during the 1st quarter. PDS Planning Inc now owns 33,924 shares of the Wireless communications provider's stock valued at $211,000 after purchasing an additional 3,662 shares in the last quarter. RHS Financial LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the first quarter worth $160,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 17.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider's stock worth $77,000 after purchasing an additional 1,816 shares during the last quarter. BTC Capital Management Inc. increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 2.2% in the first quarter. BTC Capital Management Inc. now owns 205,901 shares of the Wireless communications provider's stock valued at $1,281,000 after buying an additional 4,528 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 545.6% in the first quarter. GAMMA Investing LLC now owns 93,306 shares of the Wireless communications provider's stock valued at $580,000 after buying an additional 78,853 shares during the last quarter.

Turkcell Iletisim Hizmetleri A.S. Price Performance

Shares of TKC traded up $0.11 during trading hours on Thursday, hitting $6.26. The stock had a trading volume of 905,515 shares, compared to its average volume of 590,354. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $5.74 and a 52 week high of $8.47. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 4.26 and a beta of 0.86. The company's fifty day moving average is $6.60 and its two-hundred day moving average is $6.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 1.81.

Turkcell Iletisim Hizmetleri A.S. Dividend Announcement

The company also recently disclosed a -- dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Monday, December 29th will be issued a dividend of $0.0866 per share. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, December 29th. Turkcell Iletisim Hizmetleri A.S.'s payout ratio is 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.