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

A.P. Moller-Maersk (OTCMKTS:AMKBY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 85,524 shares, a growth of 90.6% from the July 15th total of 44,872 shares. Based on an average trading volume of 104,033 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the shares of the stock are sold short.

A.P. Moller-Maersk Stock Up 5.0%

AMKBY stock opened at $16.70 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average of $12.90 and a two-hundred day moving average of $12.53. A.P. Moller-Maersk has a 12 month low of $9.23 and a 12 month high of $16.83. The company has a market cap of $52.87 billion, a price-to-earnings ratio of 21.41 and a beta of 0.70.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.31. The business had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.38% and a net margin of 4.08%. As a group, analysts forecast that A.P. Moller-Maersk will post 1.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMKBY. The Goldman Sachs Group raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Finally, Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.

The company’s core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.