Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Short Interest Down 38.9% in August

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,848,680 shares, a decline of 38.9% from the July 30th total of 3,024,711 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 1,664,880 shares, the short-interest ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Turkcell Iletisim Hizmetleri AS presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TKC. SBI Securities Co. Ltd. grew its position in Turkcell Iletisim Hizmetleri AS by 50.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 1,698 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at approximately $28,000. Arax Advisory Partners lifted its stake in shares of Turkcell Iletisim Hizmetleri AS by 381.2% in the 4th quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock valued at $41,000 after purchasing an additional 5,936 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 87.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 7,500 shares of the Wireless communications provider’s stock worth $44,000 after purchasing an additional 3,500 shares during the period. Finally, Erste Asset Management GmbH bought a new position in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at approximately $44,000.

Turkcell Iletisim Hizmetleri AS Price Performance

NYSE TKC opened at $5.40 on Monday. The stock has a 50 day moving average price of $5.65 and a 200-day moving average price of $6.05. Turkcell Iletisim Hizmetleri AS has a one year low of $5.29 and a one year high of $7.18. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.48 and a current ratio of 1.49. The company has a market capitalization of $4.75 billion, a P/E ratio of 11.02 and a beta of 0.97.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings results on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share for the quarter. The company had revenue of $1.58 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.13% and a return on equity of 6.52%. As a group, equities analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.54 EPS for the current fiscal year.

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.