A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Short Interest Down 18.6% in September

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 45,500 shares, a drop of 18.6% from the September 15th total of 55,900 shares. Based on an average trading volume of 238,600 shares, the short-interest ratio is currently 0.2 days.

A.P. Møller – Mærsk A/S Trading Up 2.2 %

Shares of AMKBY stock opened at $7.36 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.28 and a debt-to-equity ratio of 0.09. A.P. Møller – Mærsk A/S has a 52-week low of $6.26 and a 52-week high of $10.53. The business’s fifty day moving average is $7.64 and its 200 day moving average is $7.83.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last issued its quarterly earnings data on Wednesday, August 7th. The transportation company reported $0.20 earnings per share (EPS) for the quarter, topping 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 company had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $13.13 billion. Equities research analysts forecast that A.P. Møller – Mærsk A/S will post 1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AMKBY shares. JPMorgan Chase & Co. started coverage on A.P. Møller – Mærsk A/S in a report on Tuesday, September 10th. They issued an “underweight” rating for the company. Wolfe Research lowered A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.