A.P. Moller-Maersk (OTCMKTS:AMKBY) Short Interest Update

A.P. Moller-Maersk (OTCMKTS:AMKBY) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 42,270 shares, a growth of 49.9% from the August 31st total of 28,196 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 154,355 shares, the days-to-cover ratio is presently 0.3 days.

A.P. Moller-Maersk Price Performance

OTCMKTS:AMKBY opened at $17.95 on Thursday. A.P. Moller-Maersk has a 12-month low of $9.23 and a 12-month high of $18.24. The firm has a market capitalization of $56.83 billion, a price-to-earnings ratio of 23.01 and a beta of 0.73. The stock’s 50 day moving average price is $15.90 and its two-hundred day moving average price is $13.62. The company has a quick ratio of 1.90, a current ratio of 2.03 and a debt-to-equity ratio of 0.09.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMKBY shares. Nordea Equity Research upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. Fearnley Fonds upgraded A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. Wolfe Research raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. The Goldman Sachs Group raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, A.P. Moller-Maersk currently has an average rating of “Reduce”.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company headquartered in Copenhagen. Founded in 1904 by A.P. Møller, the company has developed from a shipping business into a global provider of end-to-end supply-chain services.

Maersk’s principal business is ocean transportation, connecting customers and markets through container shipping services. The company also operates port terminals and provides logistics services, including warehousing, customs support, inland transportation, air freight and supply-chain management.