Akbank T.A.S. (OTCMKTS:AKBTY) Short Interest Update

Akbank T.A.S. (OTCMKTS:AKBTY) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 10,200 shares, a decline of 70.8% from the March 31st total of 34,900 shares. Based on an average trading volume of 241,200 shares, the days-to-cover ratio is currently 0.0 days.

Akbank T.A.S. Stock Performance

Akbank T.A.S. stock traded up $0.21 during midday trading on Thursday, hitting $3.72. The stock had a trading volume of 2,780 shares, compared to its average volume of 118,961. The firm’s fifty day moving average is $2.97 and its two-hundred day moving average is $2.61. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $9.67 billion, a PE ratio of 2.78 and a beta of 0.82. Akbank T.A.S. has a 52-week low of $1.41 and a 52-week high of $3.75.

Akbank T.A.S. Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were paid a $0.0928 dividend. The ex-dividend date was Tuesday, March 26th. Akbank T.A.S.’s payout ratio is presently 6.72%.

Akbank T.A.S. Company Profile

Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationally. It operates through Consumer Banking and Private Banking; Commercial Banking, Corporate Banking, and SME Banking; and Treasury, Other, and Unallovated segments. The company's consumer banking services comprise deposit accounts, retail loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment, foreign currency trading, safe deposit box rental, cheques, money transfer, investment banking, and telephone and internet banking.