A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Sees Large Drop in Short Interest

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 8,800 shares, a decrease of 75.3% from the March 31st total of 35,600 shares. Based on an average daily volume of 543,900 shares, the days-to-cover ratio is presently 0.0 days.

A.P. Møller – Mærsk A/S Price Performance

OTCMKTS:AMKBY traded up $0.39 during mid-day trading on Friday, reaching $7.34. The company’s stock had a trading volume of 345,434 shares, compared to its average volume of 212,443. The firm’s fifty day moving average price is $6.87 and its two-hundred day moving average price is $7.92. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.50 and a quick ratio of 2.37. A.P. Møller – Mærsk A/S has a 12-month low of $6.26 and a 12-month high of $10.60.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last posted its earnings results on Thursday, February 8th. The transportation company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.03. The business had revenue of $11.74 billion during the quarter, compared to the consensus estimate of $11.32 billion. A.P. Møller – Mærsk A/S had a net margin of 7.48% and a negative return on equity of 0.22%. As a group, research analysts expect that A.P. Møller – Mærsk A/S will post -0.01 earnings per share for the current fiscal year.

A.P. Møller – Mærsk A/S Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, March 18th were issued a $0.2412 dividend. The ex-dividend date was Friday, March 15th. A.P. Møller – Mærsk A/S’s dividend payout ratio is 21.62%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMKBY shares. Sanford C. Bernstein began coverage on shares of A.P. Møller – Mærsk A/S in a report on Wednesday, February 21st. They set an “underperform” rating on the stock. The Goldman Sachs Group raised A.P. Møller – Mærsk A/S from a “sell” rating to a “neutral” rating in a report on Tuesday, January 2nd. BNP Paribas downgraded A.P. Møller – Mærsk A/S from an “outperform” rating to a “neutral” rating in a report on Thursday, January 11th. JPMorgan Chase & Co. cut shares of A.P. Møller – Mærsk A/S from an “overweight” rating to a “neutral” rating in a research note on Thursday, January 4th. Finally, Jefferies Financial Group upgraded shares of A.P. Møller – Mærsk A/S from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

About A.P. Møller – Mærsk A/S

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.