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

A.P. Moller-Maersk (OTCMKTS:AMKBY) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 44,872 shares, a decline of 40.8% from the June 30th total of 75,809 shares. Based on an average daily volume of 181,049 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

A.P. Moller-Maersk Price Performance

Shares of OTCMKTS AMKBY opened at $13.39 on Friday. The stock’s 50-day simple moving average is $12.64 and its two-hundred day simple moving average is $12.37. A.P. Moller-Maersk has a twelve month low of $9.23 and a twelve month high of $14.32. The firm has a market capitalization of $42.39 billion, a P/E ratio of 25.26 and a beta of 0.71. The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMKBY. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Finally, Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, A.P. Moller-Maersk has an average rating of “Reduce”.

A.P. Moller-Maersk Company Profile

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.