Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY) Short Interest Up 62.0% in July

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Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 14,900 shares, a growth of 62.0% from the July 15th total of 9,200 shares. Based on an average daily trading volume, of 292,800 shares, the short-interest ratio is presently 0.1 days.

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Turkiye Garanti Bankasi A.S. in a research note on Thursday, July 16th.

OTCMKTS TKGBY traded up $0.03 during mid-day trading on Thursday, hitting $0.94. The stock had a trading volume of 139,197 shares, compared to its average volume of 178,231. Turkiye Garanti Bankasi A.S. has a 52-week low of $0.88 and a 52-week high of $2.04. The stock has a 50 day moving average price of $1.04.

About Turkiye Garanti Bankasi A.S.

Turkiye Garanti Bankasi A.S. provides various banking products and services. It offers current, savings, time and term deposit, ELMA, and deposit accounts; mutual funds, T-bills/government bonds, Eurobonds, repos, equities, dual currency deposit transactions, Turkish derivatives exchange, e-trader, forward transactions, and taxation services; general purpose, auto, revolving, house, discount, SME project, installment, working capital, foreign currency, and other loans, as well as spot TL and foreign currency, letters of guarantee and reference, and overdraft accounts; various cards; mortgage products; Internet and mobile/SMS banking; payment services; and safety boxes.

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