Short Interest in A.P. Moller-Maersk (OTCMKTS:AMKBY) Decreases By 38.1%

A.P. Moller-Maersk (OTCMKTS:AMKBY) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 28,196 shares, a decline of 38.1% from the August 15th total of 45,526 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 139,403 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMKBY. Wolfe Research upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, August 17th. Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. The Goldman Sachs Group raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, Nordea Equity Research raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

Shares of AMKBY stock opened at $17.95 on Wednesday. The company has a market cap of $56.84 billion, a price-to-earnings ratio of 23.02 and a beta of 0.73. A.P. Moller-Maersk has a 52 week low of $9.23 and a 52 week high of $18.02. The company has a quick ratio of 1.90, a current ratio of 2.03 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $14.79 and a 200-day moving average of $13.24.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.31. A.P. Moller-Maersk had a net margin of 4.08% and a return on equity of 4.39%. The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $14.07 billion. On average, equities analysts forecast that A.P. Moller-Maersk will post 2.2 earnings per share for the current year.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company that provides services across global supply chains. Its activities include container shipping, port and terminal operations, logistics, freight forwarding, customs services, warehousing and distribution. Through its ocean business, Maersk transports manufactured goods, commodities and other cargo between major markets worldwide.

The company also provides end-to-end supply chain solutions, including air and ocean freight, inland transportation, contract logistics and digital supply chain management services.