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

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, September 4th. Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. The Goldman Sachs Group raised shares of 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 research report on Monday, August 17th. Finally, Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

A.P. Moller-Maersk Price Performance

Shares of A.P. Moller-Maersk stock opened at $17.42 on Friday. The firm has a market capitalization of $55.15 billion, a PE ratio of 22.33 and a beta of 0.73. The company has a current ratio of 2.03, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. A.P. Moller-Maersk has a 12 month low of $9.23 and a 12 month high of $18.02. The business’s 50-day moving average price is $15.00 and its 200-day moving average price is $13.32.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.31. The company 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 4.39% and a net margin of 4.08%. Sell-side analysts forecast that A.P. Moller-Maersk will post 2.2 EPS for the current fiscal year.

About A.P. Moller-Maersk

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.