Today’s Short Interest: Is AKBANK TURK ANO ADR (OTCMKTS:AKBTY)’s Fuel Running High? Reports Show Less Sellers

November 23, 2016 - By Linda Rogers   ·   0 Comments

Today's Short Interest: Is AKBANK TURK ANO ADR (OTCMKTS:AKBTY)’s Fuel Running High? Reports Show Less Sellers

The stock of AKBANK TURK ANO ADR (OTCMKTS:AKBTY) registered a decrease of 54.76% in short interest. AKBTY’s total short interest was 7,600 shares in November as published by FINRA. Its down 54.76% from 16,800 shares, reported previously. With 38,600 shares average volume, it will take short sellers 0 days to cover their AKBTY’s short positions. About 16,440 shares traded hands. Akbank T.A.S. (ADR) (OTCMKTS:AKBTY) has declined 21.78% since April 21, 2016 and is downtrending. It has underperformed by 27.10% the S&P500.

Akbank T.A.S. is a commercial bank. The company has a market cap of $9.33 billion. The Bank is engaged in providing various business activities, such as consumer and private banking, commercial banking, SME banking, corporate and investment banking, foreign exchange, money markets, securities transactions (treasury transactions) and international banking services. It currently has negative earnings. The Bank operates through three divisions: Retail and Private Banking; Corporate Banking, Commercial Banking and SME Banking, and Treasury activities.

AKBTY Company Profile

Akbank T.A.S. (Akbank or the Bank), incorporated on December 27, 1947, is a commercial bank. The Bank is engaged in providing various business activities, such as consumer and private banking, commercial banking, SME banking, corporate and investment banking, foreign exchange, money markets, securities transactions (treasury transactions) and international banking services. The Bank operates through three divisions: Retail and Private Banking; Corporate Banking, Commercial Banking and SME Banking, and Treasury activities. In addition to regular banking operations, the Bank also provides insurance intermediary services as an agency of Aksigorta A.S and AvivaSA Emeklilik ve Hayat A.S.

More notable recent Akbank T.A.S. (ADR) (OTCMKTS:AKBTY) news were published by: Businesswire.com which released: “Citi Appointed Successor Depositary Bank for Akbank’s ADR Programme” on March 13, 2015, also Benzinga.com with their article: “3 Emerging Markets Benefiting From Lower Oil” published on January 22, 2015, Forbes.com published: “Beyond The BRICs” on November 09, 2009. More interesting news about Akbank T.A.S. (ADR) (OTCMKTS:AKBTY) were released by: Seekingalpha.com and their article: “How to Invest in Turkey” published on July 27, 2010 as well as Seekingalpha.com‘s news article titled: “Dividend Stocks From Turkey” with publication date: January 02, 2014.

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By Linda Rogers


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