Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Short Interest Down 21.2% in September

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 517,500 shares, a decline of 21.2% from the September 15th total of 657,100 shares. Based on an average daily trading volume, of 936,200 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Turkcell Iletisim Hizmetleri A.S. stock traded up $0.09 during trading hours on Tuesday, reaching $6.32. 276,545 shares of the company were exchanged, compared to its average volume of 536,442. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $4.07 and a 12 month high of $8.47. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 6.75 and a beta of 0.84. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average of $6.98 and a 200 day moving average of $6.98.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last posted its quarterly earnings data on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $1.07 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 8.75% and a return on equity of 7.72%. As a group, research analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Monday.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri A.S.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atlas Capital Advisors LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. during the second quarter worth $71,000. Aprio Wealth Management LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the second quarter valued at about $77,000. GAMMA Investing LLC grew its position in Turkcell Iletisim Hizmetleri A.S. by 68.2% during the second quarter. GAMMA Investing LLC now owns 11,210 shares of the Wireless communications provider’s stock worth $85,000 after buying an additional 4,545 shares in the last quarter. AQR Capital Management LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. during the second quarter valued at about $89,000. Finally, Sivia Capital Partners LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the 4th quarter valued at approximately $96,000.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.