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

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) was the target of a significant increase in short interest in the month of 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. Based on an average daily trading volume, of 2,925,251 shares, the short-interest ratio is currently 1.3 days. Approximately 0.4% of the company’s shares are short sold.

Turkcell Iletisim Hizmetleri AS Stock Down 1.1%

Shares of NYSE:TKC opened at $4.92 on Friday. Turkcell Iletisim Hizmetleri AS has a 1 year low of $4.82 and a 1 year high of $7.18. The company has a market cap of $4.33 billion, a PE ratio of 10.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 1.48. The stock’s 50-day moving average is $5.21 and its 200 day moving average is $5.71.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last released its quarterly earnings results on Thursday, August 13th. The Wireless communications provider reported $0.13 EPS for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.52% and a net margin of 7.13%. The business had revenue of $1.58 billion during the quarter. Sell-side analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.53 EPS for the current year.

Turkcell Iletisim Hizmetleri AS Announces Dividend

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

Hedge Funds Weigh In On Turkcell Iletisim Hizmetleri AS

Hedge funds and other institutional investors have recently made changes to their positions in the business. Formuepleje A S purchased a new stake in Turkcell Iletisim Hizmetleri AS in the third quarter worth $442,000. Foster Group Inc. bought a new stake in Turkcell Iletisim Hizmetleri AS in the third quarter valued at $66,000. QRG Capital Management Inc. boosted its holdings in Turkcell Iletisim Hizmetleri AS by 8.6% in the second quarter. QRG Capital Management Inc. now owns 25,404 shares of the Wireless communications provider’s stock valued at $149,000 after acquiring an additional 2,021 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Turkcell Iletisim Hizmetleri AS by 34.4% in the second quarter. Sequoia Financial Advisors LLC now owns 157,343 shares of the Wireless communications provider’s stock valued at $925,000 after acquiring an additional 40,253 shares in the last quarter. Finally, Nykredit A S purchased a new position in Turkcell Iletisim Hizmetleri AS during the 2nd quarter valued at $352,000.

Analyst Ratings Changes

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

Turkcell Iletisim Hizmetleri AS Company Profile

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.