A.P. Moller-Maersk (OTCMKTS:AMKBY) Sees Significant Decrease in Short Interest

A.P. Moller-Maersk (OTCMKTS:AMKBY) saw a large drop in short interest during the month of 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. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 158,734 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 158,734 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

A.P. Moller-Maersk Price Performance

Shares of AMKBY stock opened at $12.33 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.05 and a current ratio of 2.16. A.P. Moller-Maersk has a 52-week low of $6.69 and a 52-week high of $12.63. The firm has a market capitalization of $39.03 billion, a P/E ratio of 7.85 and a beta of 0.88. The stock has a 50 day moving average price of $11.28 and a 200 day moving average price of $10.59.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMKBY shares. Nordea Equity Research downgraded A.P. Moller-Maersk from a “buy” rating to a “sell” rating in a research report on Friday. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, November 13th. The Goldman Sachs Group cut A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of A.P. Moller-Maersk in a report on Wednesday, December 17th. Finally, Bank of America downgraded shares of 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 seven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock 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.