A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Short Interest Update

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 106,400 shares, a growth of 38.0% from the October 31st total of 77,100 shares. Based on an average daily volume of 506,400 shares, the days-to-cover ratio is presently 0.2 days.

A.P. Møller – Mærsk A/S Trading Up 4.7 %

A.P. Møller – Mærsk A/S stock opened at $8.46 on Friday. A.P. Møller – Mærsk A/S has a 12-month low of $6.26 and a 12-month high of $10.53. The firm’s fifty day moving average is $7.87 and its 200 day moving average is $8.04. The company has a current ratio of 2.41, a quick ratio of 2.28 and a debt-to-equity ratio of 0.09.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.66 billion. A.P. Møller – Mærsk A/S had a net margin of 6.82% and a return on equity of 6.48%. As a group, research analysts predict that A.P. Møller – Mærsk A/S will post 1.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AMKBY shares. UBS Group downgraded shares of A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a research report on Thursday, October 17th. Wolfe Research lowered shares of A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. initiated coverage on A.P. Møller – Mærsk A/S in a research report on Tuesday, September 10th. They issued an “underweight” rating for the company. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

A.P. Møller – Mærsk A/S Company Profile

A.P. Møller – Mærsk A/S, together with its subsidiaries, engages in the ocean transport and logistics business in Denmark and internationally. It operates through Ocean, Logistics & Services, Terminals, and Towage & Maritime Services segments. The Ocean segment is involved in container shipping activities, including demurrage and detention, terminal handling, documentation and container services, and container storage, as well as transshipment hubs.