A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Shorted: Short Interest Down 75.5% in October

A.P. Moller-Maersk (OTCMKTS:AMKBY) was the recipient of a significant decline in short interest in October. As of October 30th, there was short interest totaling 117,054 shares, a decline of 75.5% from the October 15th total of 476,808 shares. Based on an average daily trading volume, of 162,956 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are sold short.

A.P. Moller-Maersk Trading Up 1.3%

Shares of AMKBY opened at $15.04 on Friday. A.P. Moller-Maersk has a 1-year low of $9.32 and a 1-year high of $18.76. The company has a 50-day moving average of $17.33 and a 200 day moving average of $14.01. The firm has a market capitalization of $47.61 billion, a price-to-earnings ratio of 9.39 and a beta of 0.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.03 and a quick ratio of 1.90.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its earnings results on Thursday, November 5th. The transportation company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.18). The company had revenue of $18.09 billion during the quarter, compared to the consensus estimate of $18.25 billion. A.P. Moller-Maersk had a return on equity of 8.14% and a net margin of 7.04%. On average, research analysts expect that A.P. Moller-Maersk will post 2.95 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMKBY. Nordea Equity Research upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. The Goldman Sachs Group lowered A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Thursday, October 22nd. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a report on Tuesday, September 29th. Wolfe Research raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, Barclays lowered shares of A.P. Moller-Maersk from a “hold” rating to a “strong sell” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk is a Danish transport and logistics company headquartered in Copenhagen. Founded in 1904, it has grown from a shipping business into a global provider of services that help move goods through international supply chains. The company’s activities include container shipping, port operations through APM Terminals, and logistics services such as freight forwarding, warehousing and supply chain management. Its services connect customers with suppliers and markets around the world. Maersk serves businesses across a broad range of industries and operates in markets worldwide.