Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Shares Shorted: Short Interest Up 59.3% in September

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 3,917,836 shares, an increase of 59.3% from the September 15th total of 2,459,718 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 2,925,251 shares, the short-interest ratio is presently 1.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Turkcell Iletisim Hizmetleri AS from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Turkcell Iletisim Hizmetleri AS currently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Price Performance

TKC stock traded down $0.06 during midday trading on Friday, hitting $4.92. The company’s stock had a trading volume of 1,289,374 shares, compared to its average volume of 2,110,446. Turkcell Iletisim Hizmetleri AS has a 12 month low of $4.82 and a 12 month high of $7.18. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 10.05 and a beta of 0.91. The company has a 50 day moving average of $5.21 and a two-hundred day moving average of $5.71.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its quarterly earnings data on Thursday, August 13th. The Wireless communications provider reported $0.13 earnings per share (EPS) for the quarter. The firm 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%. On average, analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.53 EPS for the current year.

Turkcell Iletisim Hizmetleri AS Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 10th will be paid a dividend of $0.2168 per share. This represents a yield of 425.0%. The ex-dividend date of this dividend is Thursday, December 10th. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio (DPR) is presently 14.29%.

Institutional Trading of Turkcell Iletisim Hizmetleri AS

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 28.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,649,707 shares of the Wireless communications provider’s stock valued at $9,948,000 after purchasing an additional 369,107 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Turkcell Iletisim Hizmetleri AS by 1,053.2% during the first quarter. Quantinno Capital Management LP now owns 567,357 shares of the Wireless communications provider’s stock valued at $3,421,000 after purchasing an additional 518,158 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Turkcell Iletisim Hizmetleri AS during the first quarter valued at about $3,413,000. KBC Group NV increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 31.6% in the first quarter. KBC Group NV now owns 46,221 shares of the Wireless communications provider’s stock worth $279,000 after purchasing an additional 11,110 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Turkcell Iletisim Hizmetleri AS by 69.6% in the first quarter. EverSource Wealth Advisors LLC now owns 34,834 shares of the Wireless communications provider’s stock worth $210,000 after purchasing an additional 14,293 shares during the last quarter.

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri A.S. is a Türkiye-based telecommunications and technology company that provides mobile communications, broadband internet and digital services. Through its Turkcell brand, the company offers wireless voice and data services, mobile applications, fixed broadband connections and related communications products for individual and business customers.

Turkcell also develops and distributes digital services, including messaging, payment, entertainment, cloud, cybersecurity and enterprise technology solutions.