Akbank TAS (OTCMKTS:AKBTY) Short Interest Down 21.1% in March
Akbank TAS (OTCMKTS:AKBTY – Get Rating) was the target of a significant drop in short interest during the month of March. As of March 15, there was short interest totaling 22,800 shares, down 21.1% from February 28’s total of 28,900 shares. Based on an average trading volume of 82,300 shares, the short-term interest rate ratio is currently 0.3 days.
AKBTY shares opened at $1.00 on Thursday. The company has a market capitalization of $2.60 billion, a P/E ratio of 2.94 and a beta of 0.99. Akbank TAS has a 12-month low of $0.83 and a 12-month high of $1.50. The company has a fifty-day moving average price of $1.06 and a 200-day moving average price of $1.16.
The company also recently announced a dividend, which will be paid on Friday, April 8. Investors of record on Thursday, March 31 will receive a dividend of $0.0227. This represents a return of 2.1%. The ex-dividend date is Wednesday, March 30. The Dividend Payout Ratio (DPR) of Akbank TAS is currently 5.88%.
A number of analysts have recently released reports on the stock. HSBC downgraded shares of Akbank TAS from a “buy” rating to a “hold” rating in a Thursday, January 27 research note. JPMorgan Chase & Co. raised its price target on Akbank TAS shares from 11.50 to 12.70 and gave the company an “overweight” rating in a Tuesday, Dec. 14 research note.
About Akbank TAS (Get a rating)
Akbank TAS, together with its subsidiaries, provides various banking products and services in Turkey and abroad. It operates through: Retail Banking; Commercial Bank, SME Bank, Investment Bank and Private Bank; and Treasury segments. The Company’s retail banking services include deposit accounts, personal loans, commercial installment loans, credit cards, insurance products and asset management services, as well as bank cards, investment fund trading, automatic payment, foreign currency trading, safe deposit box rental, checks, money transfer, investment banking, and telephone and Internet banking.
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