Turkcell Iletisim Hizmetleri AS (NYSE:TKC) Short Interest Down 59.1% in July

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,531,839 shares, a decline of 59.1% from the June 30th total of 3,745,650 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,984,200 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Turkcell Iletisim Hizmetleri AS

Institutional investors and hedge funds have recently bought and sold shares of the company. QRG Capital Management Inc. increased its holdings in Turkcell Iletisim Hizmetleri AS by 7.4% in the 1st quarter. QRG Capital Management Inc. now owns 23,383 shares of the Wireless communications provider’s stock valued at $141,000 after buying an additional 1,612 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 50.0% during the 4th 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 during the period. HB Wealth Management LLC boosted its position in shares of Turkcell Iletisim Hizmetleri AS by 16.7% during the 4th quarter. HB Wealth Management LLC now owns 12,773 shares of the Wireless communications provider’s stock worth $70,000 after acquiring an additional 1,831 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Turkcell Iletisim Hizmetleri AS by 1.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 115,095 shares of the Wireless communications provider’s stock worth $630,000 after acquiring an additional 1,906 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in Turkcell Iletisim Hizmetleri AS by 16.8% in the fourth quarter. Inspire Investing LLC now owns 13,230 shares of the Wireless communications provider’s stock valued at $72,000 after acquiring an additional 1,906 shares during the last quarter.

Turkcell Iletisim Hizmetleri AS Price Performance

NYSE:TKC traded down $0.07 during trading hours on Wednesday, reaching $5.42. 3,630,224 shares of the company were exchanged, compared to its average volume of 1,506,946. The business has a 50 day moving average of $5.85 and a 200 day moving average of $6.19. Turkcell Iletisim Hizmetleri AS has a 1-year low of $5.35 and a 1-year high of $7.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.69 and a quick ratio of 1.68. The company has a market capitalization of $4.77 billion, a P/E ratio of 11.27 and a beta of 0.96.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.12 earnings per share for the quarter. The firm had revenue of $1.54 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.79% and a net margin of 7.27%. Research analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current year.

Analyst Upgrades and Downgrades

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

Turkcell Iletisim Hizmetleri AS Company Profile

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.