Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) Short Interest Down 93.7% in May

Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 122 shares, a decline of 93.7% from the April 30th total of 1,939 shares. Based on an average trading volume of 1,386 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Hapag-Lloyd Aktiengesellschaft to a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Hapag-Lloyd Aktiengesellschaft Trading Down 1.7%

Shares of HPGLY traded down $1.15 during midday trading on Wednesday, hitting $64.93. 1,650 shares of the company traded hands, compared to its average volume of 913. The stock has a 50-day moving average of $70.91 and a 200-day moving average of $70.22. Hapag-Lloyd Aktiengesellschaft has a one year low of $63.98 and a one year high of $90.58.

About Hapag-Lloyd Aktiengesellschaft

Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) is a Germany-based global container shipping company offering a wide range of ocean freight and logistics services. Headquartered in Hamburg, the firm maintains a modern fleet of more than 200 container vessels, serving shippers with capacity for standard dry cargo, refrigerated goods and specialized shipments. Its core services include scheduled liner transport, chartering and equipment management for containers of various types and sizes.

The company’s integrated logistics platform extends beyond sea transport to intermodal solutions, inland trucking and rail connections, as well as sea-air services for time-sensitive shipments.