Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) Sees Large Drop in Short Interest

Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY – Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 122 shares, a decrease of 93.7% from the April 30th total of 1,939 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,386 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Hapag-Lloyd Aktiengesellschaft to a “hold” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

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Hapag-Lloyd Aktiengesellschaft Price Performance

Hapag-Lloyd Aktiengesellschaft stock remained flat at $63.56 during mid-day trading on Friday. 140 shares of the company’s stock were exchanged, compared to its average volume of 917. Hapag-Lloyd Aktiengesellschaft has a 12-month low of $63.56 and a 12-month high of $90.58. The stock’s 50 day simple moving average is $70.29 and its 200 day simple moving average is $70.18.

About Hapag-Lloyd Aktiengesellschaft

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Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) is a Germany-based global container shipping company offering a wide range of ocean freight and logistics services. Headquartered in Hamburg, the firm maintains a modern fleet of more than 200 container vessels, serving shippers with capacity for standard dry cargo, refrigerated goods and specialized shipments. Its core services include scheduled liner transport, chartering and equipment management for containers of various types and sizes.

The company’s integrated logistics platform extends beyond sea transport to intermodal solutions, inland trucking and rail connections, as well as sea-air services for time-sensitive shipments.

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