Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Short Interest Update

Key Points

• Turkcell Iletisim Hizmetleri AS saw a significant increase in short interest, rising 220.8% to 4,940,000 shares as of September 15th, representing approximately 0.6% of the company's shares.
• Several institutional investors have aggressively increased their stakes, with GAMMA Investing LLC raising its stake by 545.6% during the 1st quarter.
• The company reported earnings of $0.13 per share for the last quarter, with analysts projecting earnings of $0.26 per share for the current fiscal year.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 4,940,000 shares, an increase of 220.8% from the August 31st total of 1,540,000 shares. Approximately 0.6% of the company's shares are sold short. Based on an average daily trading volume, of 1,430,000 shares, the short-interest ratio is presently 3.5 days. Based on an average daily trading volume, of 1,430,000 shares, the short-interest ratio is presently 3.5 days. Approximately 0.6% of the company's shares are sold short.

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

Several institutional investors have recently modified their holdings of the company. Two Sigma Investments LP acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS in the fourth quarter valued at approximately $304,000. GAMMA Investing LLC raised its stake in Turkcell Iletisim Hizmetleri AS by 545.6% during the 1st quarter. GAMMA Investing LLC now owns 93,306 shares of the Wireless communications provider's stock valued at $580,000 after acquiring an additional 78,853 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Turkcell Iletisim Hizmetleri AS by 17.1% in 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 period. RHS Financial LLC acquired a new stake in Turkcell Iletisim Hizmetleri AS in the first quarter worth about $160,000. Finally, PDS Planning Inc lifted its holdings in Turkcell Iletisim Hizmetleri AS by 12.1% in the first quarter. PDS Planning Inc now owns 33,924 shares of the Wireless communications provider's stock worth $211,000 after purchasing an additional 3,662 shares during the period.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Turkcell Iletisim Hizmetleri AS from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th.

Turkcell Iletisim Hizmetleri AS Stock Up 0.9%

Shares of NYSE:TKC traded up $0.06 during midday trading on Thursday, reaching $6.18. The company had a trading volume of 3,435,912 shares, compared to its average volume of 3,466,323. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.69. The stock's fifty day moving average price is $5.84 and its 200-day moving average price is $5.99. The stock has a market capitalization of $5.43 billion, a P/E ratio of 4.20 and a beta of 0.99. Turkcell Iletisim Hizmetleri AS has a one year low of $5.35 and a one year high of $7.63.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last released its earnings results on Wednesday, August 13th. The Wireless communications provider reported $0.13 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.15% and a return on equity of 7.00%. The firm had revenue of $1.37 billion during the quarter. Equities research analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri AS 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.

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