Arçelik Anonim Sirketi (OTCMKTS:ACKAY) Short Interest Up 398.3% in May

Arçelik Anonim Sirketi (OTCMKTS:ACKAY) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 299 shares, a growth of 398.3% from the April 30th total of 60 shares. Based on an average trading volume of 95 shares, the short-interest ratio is presently 3.1 days.

Arçelik Anonim Sirketi Stock Up 3.8%

Shares of OTCMKTS:ACKAY opened at $11.69 on Friday. Arçelik Anonim Sirketi has a 12-month low of $11.26 and a 12-month high of $17.92. The business’s 50 day moving average is $12.87 and its 200 day moving average is $13.32.

Arçelik Anonim Sirketi Company Profile

Arçelik Anonim Şirketi is a Turkish multinational consumer durables and electronics company engaged in the design, manufacture and marketing of household appliances. As part of Koç Holding, one of Turkey’s largest industrial groups, Arçelik offers a broad portfolio of white goods including refrigerators, washing machines, dishwashers, ovens and cooking appliances, as well as small domestic appliances such as vacuum cleaners and air conditioners. The company markets its products under a variety of brands, notably Arçelik, Beko and Grundig, targeting both domestic and international markets.

With its headquarters in Istanbul, Arçelik maintains production facilities in Turkey and in key overseas locations across Europe, Asia, Africa and the Middle East.