The stock of AKBANK TURK ANO ADR (OTCMKTS:AKBTY) registered a decrease of 78.24% in short interest. AKBTY’s total short interest was 18,500 shares in September as published by FINRA. Its down 78.24% from 85,000 shares, reported previously. With 54,800 shares average volume, it will take short sellers 0 days to cover their AKBTY’s short positions. About 21,113 shares traded hands. Akbank T.A.S. (ADR) (OTCMKTS:AKBTY) has risen 11.55% since February 8, 2016 and is uptrending. It has underperformed by 4.94% the S&P500.
Akbank T.A.S. is a commercial bank. The company has a market cap of $10.82 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.
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