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

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

A.P. Moller-Maersk Stock Performance

Shares of A.P. Moller-Maersk stock opened at $17.95 on Wednesday. The stock has a market cap of $56.84 billion, a price-to-earnings ratio of 23.02 and a beta of 0.73. A.P. Moller-Maersk has a twelve month low of $9.23 and a twelve month high of $18.02. The company’s fifty day moving average is $14.79 and its 200 day moving average is $13.24. 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 announced its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $14.07 billion. Sell-side analysts forecast that A.P. Moller-Maersk will post 2.2 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Wolfe Research raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Fearnley Fonds raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, August 17th. Finally, Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, A.P. Moller-Maersk has an average rating of “Reduce”.

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.