Short Interest in Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) Expands By 722.1%

Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,003 shares, a growth of 722.1% from the May 14th total of 122 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,357 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Hapag-Lloyd Aktiengesellschaft to a “hold” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Hapag-Lloyd Aktiengesellschaft Price Performance

Shares of HPGLY opened at $67.51 on Wednesday. The firm’s fifty day simple moving average is $67.65 and its two-hundred day simple moving average is $70.18. Hapag-Lloyd Aktiengesellschaft has a 12 month low of $63.56 and a 12 month high of $90.58.

About Hapag-Lloyd Aktiengesellschaft

Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) is a Germany-based global container shipping company offering a wide range of ocean freight and logistics services. Headquartered in Hamburg, the firm maintains a modern fleet of more than 200 container vessels, serving shippers with capacity for standard dry cargo, refrigerated goods and specialized shipments. Its core services include scheduled liner transport, chartering and equipment management for containers of various types and sizes.

The company’s integrated logistics platform extends beyond sea transport to intermodal solutions, inland trucking and rail connections, as well as sea-air services for time-sensitive shipments.