Time to Reconsider AKBANK TURK ANONIM SIRKETI ADR TURKEY (OTCMKTS:AKBTY) After Less Short Sellers?

October 2, 2018 - By Linda Rogers

Akbank T.A.S. (OTCMKTS:AKBTY) Logo

The stock of AKBANK TURK ANONIM SIRKETI ADR TURKEY (OTCMKTS:AKBTY) registered a decrease of 45.93% in short interest. AKBTY’s total short interest was 71,100 shares in October as published by FINRA. Its down 45.93% from 131,500 shares, reported previously. With 827,100 shares average volume, it will take short sellers 0 days to cover their AKBTY’s short positions.

The stock decreased 1.34% or $0.03 during the last trading session, reaching $2.215. About shares traded. Akbank T.A.S. (OTCMKTS:AKBTY) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Akbank T.A.S. provides various banking services and products. The company has market cap of $4.50 billion. It operates through Consumer Banking, Commercial Banking, SME Banking, and Corporate-Investment and Private Banking divisions. It currently has negative earnings. The companyÂ’s consumer banking services comprise deposit accounts, consumer loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment services, foreign currency trading, safe deposit box rentals, cheques, money transfers, investment banking, telephone, and Internet banking services.

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