Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY) Sees Significant Decrease in Short Interest

Turkiye Garanti Bankasi A.S. (OTCMKTS:TKGBY) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 7,100 shares, a decline of 84.3% from the February 29th total of 45,100 shares. Based on an average trading volume of 24,300 shares, the days-to-cover ratio is presently 0.3 days.

Turkiye Garanti Bankasi A.S. Price Performance

OTCMKTS TKGBY opened at $2.02 on Thursday. The business’s 50 day moving average price is $2.01 and its 200-day moving average price is $1.91. Turkiye Garanti Bankasi A.S. has a fifty-two week low of $1.14 and a fifty-two week high of $2.29.

Turkiye Garanti Bankasi A.S. Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 12th. Investors of record on Monday, April 1st will be issued a dividend of $0.0768 per share. The ex-dividend date is Thursday, March 28th. This is a boost from Turkiye Garanti Bankasi A.S.’s previous dividend of $0.02. Turkiye Garanti Bankasi A.S.’s payout ratio is presently 9.49%.

About Turkiye Garanti Bankasi A.S.

Turkiye Garanti Bankasi A.S. provides various banking products and services in Turkey. The company offers current, savings, time and term deposit, e-savings, YUVAM, NET, ELMA, overdraft, and gold accounts; general purpose, auto, mortgage, commercial, and project loans, as well as IBOR reforms and foreign trade financing; investment funds, stocks, derivatives, Garanti BBVA e-trader platform, time barred deposit and investment lists, and derivative instruments; credit and debit cards, bonusflas, and POS and e-commerce products; and insurance and pension products.