A.P. Moller-Maersk (OTCMKTS:AMKBY) Short Interest Update

A.P. Moller-Maersk (OTCMKTS:AMKBY) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 44,681 shares, an increase of 86.5% from the May 14th total of 23,954 shares. Based on an average daily trading volume, of 165,556 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

A.P. Moller-Maersk Stock Performance

OTCMKTS AMKBY opened at $13.67 on Monday. The company’s fifty day simple moving average is $12.16 and its 200-day simple moving average is $12.02. A.P. Moller-Maersk has a 52 week low of $8.95 and a 52 week high of $14.32. The company has a current ratio of 1.98, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. The stock has a market cap of $43.29 billion, a P/E ratio of 25.80 and a beta of 0.71.

Analyst Ratings Changes

A number of research firms have recently commented on AMKBY. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Thursday. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, May 8th. Barclays raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, A.P. Moller-Maersk currently has an average rating of “Reduce”.

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.