A.P. Moller-Maersk (OTCMKTS:AMKBY) Sees Large Increase in Short Interest

A.P. Moller-Maersk (OTCMKTS:AMKBY) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 44,681 shares, a growth of 86.5% from the May 14th total of 23,954 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 165,556 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

AMKBY has been the subject of several analyst reports. Barclays upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday, May 18th. 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, Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat, A.P. Moller-Maersk presently has an average rating of “Reduce”.

A.P. Moller-Maersk Trading Down 6.9%

OTCMKTS:AMKBY opened at $12.73 on Tuesday. A.P. Moller-Maersk has a one year low of $8.95 and a one year high of $14.32. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 1.98. The firm has a market cap of $40.30 billion, a P/E ratio of 24.02 and a beta of 0.71. The firm has a 50-day simple moving average of $12.17 and a 200-day simple moving average of $12.05.

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.