A.P. Moller-Maersk (OTCMKTS:AMKBY) Sees Significant Growth in Short Interest

A.P. Moller-Maersk (OTCMKTS:AMKBY) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 87,622 shares, an increase of 107.3% from the September 15th total of 42,270 shares. Based on an average daily trading volume, of 226,312 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

A.P. Moller-Maersk Stock Down 1.5%

Shares of A.P. Moller-Maersk stock opened at $18.12 on Thursday. The firm has a market cap of $57.36 billion, a price-to-earnings ratio of 21.89 and a beta of 0.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.03 and a quick ratio of 1.90. A.P. Moller-Maersk has a 52-week low of $9.32 and a 52-week high of $18.76. The stock has a 50-day simple moving average of $16.94 and a 200-day simple moving average of $13.95.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.14 by $0.31. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. The business had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $14.07 billion. On average, equities research analysts expect that A.P. Moller-Maersk will post 2.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMKBY. The Goldman Sachs Group raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 21st. Wolfe Research upgraded A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Tuesday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company headquartered in Copenhagen. Founded in 1904 by A.P. Møller, the company has developed from a shipping business into a global provider of end-to-end supply-chain services.

Maersk’s principal business is ocean transportation, connecting customers and markets through container shipping services. The company also operates port terminals and provides logistics services, including warehousing, customs support, inland transportation, air freight and supply-chain management.