What Will Happen to AKBANK TURK ANONIM SIRKETI ADR TURKEY (OTCMKTS:AKBTY) Next? The Stock Has Decline in Shorts

June 17, 2018 - By Peter Erickson

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

The stock of AKBANK TURK ANONIM SIRKETI ADR TURKEY (OTCMKTS:AKBTY) registered a decrease of 12.2% in short interest. AKBTY’s total short interest was 22,300 shares in June as published by FINRA. Its down 12.2% from 25,400 shares, reported previously. With 181,200 shares average volume, it will take short sellers 0 days to cover their AKBTY’s short positions.

The stock decreased 0.48% or $0.02 during the last trading session, reaching $3.12. About 236,261 shares traded or 0.92% up from the average. Akbank T.A.S. (OTCMKTS:AKBTY) has 0.00% since June 17, 2017 and is . It has underperformed by 12.57% the S&P500.

Akbank T.A.S. provides various banking services and products. The company has market cap of $6.15 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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