ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Sees Large Drop in Short Interest

ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Free Report) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 15,861,960 shares, a drop of 18.7% from the January 15th total of 19,517,253 shares. Based on an average trading volume of 3,140,855 shares, the short-interest ratio is currently 5.1 days. Approximately 13.3% of the company’s stock are short sold. Approximately 13.3% of the company’s stock are short sold. Based on an average trading volume of 3,140,855 shares, the short-interest ratio is currently 5.1 days.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of ZIM Integrated Shipping Services from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Monday, December 8th. Barclays lifted their price target on shares of ZIM Integrated Shipping Services from $13.30 to $13.70 and gave the stock an “underweight” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. reduced their price target on shares of ZIM Integrated Shipping Services from $9.70 to $8.70 and set an “underweight” rating for the company in a research report on Monday, December 1st. UBS Group set a $9.70 price objective on ZIM Integrated Shipping Services in a report on Monday, November 24th. Finally, Fearnley Fonds upgraded ZIM Integrated Shipping Services from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Five research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of “Reduce” and an average price target of $15.13.

Read Our Latest Analysis on ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock traded up $1.00 during midday trading on Monday, hitting $22.18. 2,046,980 shares of the company’s stock were exchanged, compared to its average volume of 2,554,647. ZIM Integrated Shipping Services has a 12-month low of $11.03 and a 12-month high of $24.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.22 and a current ratio of 1.30. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 2.67 and a beta of 1.70. The firm’s 50 day simple moving average is $21.38 and its 200 day simple moving average is $17.41.

ZIM Integrated Shipping Services (NYSE:ZIMGet Free Report) last announced its earnings results on Thursday, November 20th. The company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.65). ZIM Integrated Shipping Services had a net margin of 13.22% and a return on equity of 25.18%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Equities research analysts predict that ZIM Integrated Shipping Services will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were paid a $0.31 dividend. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, December 1st. This represents a $1.24 annualized dividend and a dividend yield of 5.6%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 0.72%.

ZIM Integrated Shipping Services News Roundup

Here are the key news stories impacting ZIM Integrated Shipping Services this week:

Institutional Investors Weigh In On ZIM Integrated Shipping Services

Several hedge funds have recently modified their holdings of ZIM. FORA Capital LLC purchased a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth approximately $583,000. Kestra Advisory Services LLC grew its holdings in ZIM Integrated Shipping Services by 11.8% during the fourth quarter. Kestra Advisory Services LLC now owns 67,614 shares of the company’s stock worth $1,435,000 after acquiring an additional 7,152 shares during the period. Headlands Technologies LLC acquired a new position in ZIM Integrated Shipping Services during the fourth quarter worth $294,000. Integrated Wealth Concepts LLC purchased a new position in ZIM Integrated Shipping Services in the fourth quarter worth $390,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in ZIM Integrated Shipping Services by 20.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,432,355 shares of the company’s stock valued at $30,409,000 after acquiring an additional 243,086 shares during the period. 21.42% of the stock is owned by institutional investors and hedge funds.

About ZIM Integrated Shipping Services

(Get Free Report)

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.

Further Reading

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