A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Short Interest Update

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 72,100 shares, an increase of 58.5% from the September 30th total of 45,500 shares. Based on an average daily volume of 442,700 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMKBY shares. Wolfe Research lowered A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. initiated coverage on A.P. Møller – Mærsk A/S in a research report on Tuesday, September 10th. They set an “underweight” rating for the company. Finally, UBS Group lowered A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

A.P. Møller – Mærsk A/S Stock Down 0.1 %

AMKBY opened at $7.62 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.41 and a debt-to-equity ratio of 0.09. A.P. Møller – Mærsk A/S has a twelve month low of $6.26 and a twelve month high of $10.53. The company has a market cap of $28.52 billion, a PE ratio of 14.95 and a beta of 1.17. The company has a 50-day moving average price of $7.61 and a 200 day moving average price of $7.89.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last announced its earnings results on Wednesday, August 7th. The transportation company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. A.P. Møller – Mærsk A/S had a return on equity of 1.62% and a net margin of 2.16%. The business had revenue of $12.77 billion during the quarter, compared to analysts’ expectations of $13.13 billion. Sell-side analysts expect that A.P. Møller – Mærsk A/S will post 1.08 earnings per share for the current fiscal year.

About A.P. Møller – Mærsk A/S

A.P. Møller – Mærsk A/S, together with its subsidiaries, engages in the ocean transport and logistics business in Denmark and internationally. It operates through Ocean, Logistics & Services, Terminals, and Towage & Maritime Services segments. The Ocean segment is involved in container shipping activities, including demurrage and detention, terminal handling, documentation and container services, and container storage, as well as transshipment hubs.