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

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 146,200 shares, an increase of 308.4% from the April 30th total of 35,800 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 806,200 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMKBY. Fearnley Fonds lowered A.P. Møller – Mærsk A/S from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, April 22nd. Citigroup raised A.P. Møller – Mærsk A/S from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

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

Shares of OTCMKTS:AMKBY opened at $8.98 on Friday. The company has a 50-day moving average price of $8.52 and a 200-day moving average price of $8.33. A.P. Møller – Mærsk A/S has a 12 month low of $6.69 and a 12 month high of $9.76. The company has a market cap of $28.41 billion, a price-to-earnings ratio of 4.60 and a beta of 1.08. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.08.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last posted its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $13.32 billion for the quarter, compared to analyst estimates of $12.73 billion. A.P. Møller – Mærsk A/S had a net margin of 11.01% and a return on equity of 11.03%. As a group, equities analysts anticipate that A.P. Møller – Mærsk A/S will post 0.41 EPS for the current year.

A.P. Møller – Mærsk A/S Company Profile

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.