Short Interest in A.P. Moller-Maersk (OTCMKTS:AMKBY) Declines By 38.1%

A.P. Moller-Maersk (OTCMKTS:AMKBY) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 46,131 shares, a drop of 38.1% from the December 15th total of 74,582 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 112,810 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 112,810 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several analysts have commented on AMKBY shares. Hsbc Global Res upgraded shares of A.P. Moller-Maersk to a “strong-buy” rating in a research note on Monday, September 29th. The Goldman Sachs Group downgraded A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research report on Wednesday. Wolfe Research restated an “underperform” rating on shares of A.P. Moller-Maersk in a report on Thursday, January 8th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

A.P. Moller-Maersk Price Performance

AMKBY opened at $11.54 on Friday. A.P. Moller-Maersk has a 52-week low of $6.69 and a 52-week high of $12.63. The business has a fifty day moving average of $10.84 and a 200 day moving average of $10.44. The stock has a market cap of $36.53 billion, a P/E ratio of 7.35 and a beta of 0.88. The company has a quick ratio of 2.05, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its quarterly earnings data on Thursday, November 6th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.20). The firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $13.44 billion. A.P. Moller-Maersk had a return on equity of 8.51% and a net margin of 8.83%. As a group, sell-side analysts anticipate that A.P. Moller-Maersk will post 0.41 EPS for the current year.

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.