Short Interest in A.P. Moller-Maersk (OTCMKTS:AMKBY) Decreases By 43.4%

A.P. Moller-Maersk (OTCMKTS:AMKBY) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 26,124 shares, a drop of 43.4% from the December 31st total of 46,131 shares. Based on an average trading volume of 158,734 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 158,734 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMKBY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of A.P. Moller-Maersk in a report on Wednesday, December 17th. The Goldman Sachs Group cut A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Wolfe Research reissued an “underperform” rating on shares of A.P. Moller-Maersk in a research 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, Bank of America lowered A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.

A.P. Moller-Maersk Trading Up 3.1%

Shares of A.P. Moller-Maersk stock opened at $12.51 on Friday. A.P. Moller-Maersk has a fifty-two week low of $6.69 and a fifty-two week high of $12.63. The business’s fifty day moving average is $11.23 and its two-hundred day moving average is $10.57. The company has a quick ratio of 2.05, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The firm has a market cap of $39.59 billion, a PE ratio of 7.97 and a beta of 0.88.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its earnings results on Thursday, November 6th. The transportation company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.20). The business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $13.44 billion. A.P. Moller-Maersk had a return on equity of 8.51% and a net margin of 8.83%. Analysts anticipate that A.P. Moller-Maersk will post 0.41 earnings per share 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.