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

A.P. Moller-Maersk (OTCMKTS:AMKBY) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 45,526 shares, a decrease of 46.8% from the July 30th total of 85,524 shares. Based on an average trading volume of 131,249 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

A.P. Moller-Maersk Stock Performance

Shares of A.P. Moller-Maersk stock opened at $16.70 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.85. The firm has a market cap of $52.87 billion, a price-to-earnings ratio of 21.41 and a beta of 0.70. The stock’s 50-day moving average is $13.69 and its 200-day moving average is $12.85. A.P. Moller-Maersk has a one year low of $9.23 and a one year high of $17.70.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its quarterly earnings data on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.31. The business had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.38% and a net margin of 4.08%. Equities analysts predict that A.P. Moller-Maersk will post 2.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AMKBY shares. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday, August 17th. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report 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 report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, A.P. Moller-Maersk currently has an average rating of “Reduce”.

About A.P. Moller-Maersk

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.