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

A.P. Moller-Maersk (OTCMKTS:AMKBY) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 73,469 shares, a growth of 38.2% from the February 26th total of 53,150 shares. Based on an average daily volume of 289,182 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

A.P. Moller-Maersk Stock Performance

AMKBY stock opened at $12.57 on Tuesday. A.P. Moller-Maersk has a 1-year low of $6.69 and a 1-year high of $14.32. The company has a current ratio of 2.12, a quick ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a market cap of $39.79 billion, a PE ratio of 14.28 and a beta of 0.87. The business’s 50-day moving average price is $12.55 and its two-hundred day moving average price is $11.24.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.10). The business had revenue of $13.33 billion during the quarter, compared to the consensus estimate of $12.83 billion. A.P. Moller-Maersk had a return on equity of 4.87% and a net margin of 5.05%. As a group, research analysts forecast that A.P. Moller-Maersk will post 0.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMKBY shares. Bank of America downgraded A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a report on Friday, January 23rd. Kepler Capital Markets upgraded A.P. Moller-Maersk from a “reduce” rating to a “hold” rating in a research report on Friday, February 6th. 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. Wolfe Research reiterated an “underperform” rating on shares of A.P. Moller-Maersk in a research report on Thursday, January 8th. Finally, Nordea Equity Research lowered shares of A.P. Moller-Maersk from a “buy” rating to a “sell” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat.com, 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.