A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Short Interest Down 29.8% in December

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 53,800 shares, a decrease of 29.8% from the November 30th total of 76,600 shares. Based on an average daily volume of 280,300 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMKBY. Morgan Stanley lowered A.P. Møller – Mærsk A/S from an “equal weight” rating to an “underweight” rating in a report on Wednesday, December 4th. Wolfe Research lowered A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. started coverage on shares of A.P. Møller – Mærsk A/S in a report on Tuesday, September 10th. They issued an “underweight” rating for the company. Finally, UBS Group cut shares of A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

A.P. Møller – Mærsk A/S Stock Performance

AMKBY traded up $0.06 during trading on Friday, reaching $8.37. 91,466 shares of the company were exchanged, compared to its average volume of 249,028. The company has a current ratio of 2.41, a quick ratio of 2.28 and a debt-to-equity ratio of 0.09. The stock has a market cap of $26.50 billion, a P/E ratio of 7.28 and a beta of 1.17. A.P. Møller – Mærsk A/S has a 52 week low of $6.26 and a 52 week high of $10.53. The firm has a 50 day moving average of $8.14 and a 200 day moving average of $7.98.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. A.P. Møller – Mærsk A/S had a net margin of 6.82% and a return on equity of 6.48%. The business had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $15.66 billion. On average, sell-side analysts forecast that A.P. Møller – Mærsk A/S will post 1.46 EPS for the current fiscal year.

A.P. Møller – Mærsk A/S Company Profile

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.