Akbank T.A.S. (OTCMKTS:AKBTY) Sees Significant Decline in Short Interest

Akbank T.A.S. (OTCMKTS:AKBTY) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 34,900 shares, a drop of 39.0% from the March 15th total of 57,200 shares. Based on an average daily trading volume, of 30,400 shares, the short-interest ratio is presently 1.1 days.

Akbank T.A.S. Stock Performance

Shares of OTCMKTS:AKBTY opened at $3.51 on Friday. The business’s 50 day simple moving average is $2.84 and its 200 day simple moving average is $2.54. Akbank T.A.S. has a 1 year low of $1.41 and a 1 year high of $3.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.01 and a quick ratio of 1.01.

Akbank T.A.S. Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were given a $0.0928 dividend. The ex-dividend date of this dividend 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.