Short Interest in A.P. Moller-Maersk (OTCMKTS:AMKBY) Grows By 38.2%

A.P. Moller-Maersk (OTCMKTS:AMKBY) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 73,469 shares, an increase of 38.2% from the February 26th total of 53,150 shares. Based on an average daily trading volume, of 289,182 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. The Goldman Sachs Group lowered A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Nordea Equity Research cut A.P. Moller-Maersk from a “buy” rating to a “sell” rating in a research note on Friday, January 30th. Clarkson Capital upgraded shares of A.P. Moller-Maersk to a “strong sell” rating in a research note on Monday, February 9th. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, February 9th. Finally, Barclays raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Down 6.1%

A.P. Moller-Maersk stock opened at $12.39 on Friday. A.P. Moller-Maersk has a fifty-two week low of $6.69 and a fifty-two week high of $14.32. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.02 and a current ratio of 2.12. The firm’s 50-day simple moving average is $12.53 and its 200 day simple moving average is $11.22. The stock has a market cap of $39.22 billion, a PE ratio of 14.08 and a beta of 0.87.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last posted its earnings results on Thursday, February 5th. The transportation company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.10). A.P. Moller-Maersk had a return on equity of 4.87% and a net margin of 5.05%.The firm had revenue of $13.33 billion for the quarter, compared to the consensus estimate of $12.83 billion. Research analysts predict that A.P. Moller-Maersk will post 0.41 EPS for the current fiscal 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.