A.P. Moller-Maersk (OTCMKTS:AMKBY) Sees Large Drop in Short Interest

A.P. Moller-Maersk (OTCMKTS:AMKBY) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 50,512 shares, a decrease of 31.2% from the March 15th total of 73,469 shares. Based on an average daily trading volume, of 299,797 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

A.P. Moller-Maersk Stock Performance

OTCMKTS:AMKBY opened at $12.25 on Wednesday. The company has a market capitalization of $38.76 billion, a PE ratio of 13.91 and a beta of 0.82. The company has a 50 day simple moving average of $12.63 and a two-hundred day simple moving average of $11.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.02 and a current ratio of 2.12. A.P. Moller-Maersk has a fifty-two week low of $7.86 and a fifty-two week high of $14.32.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its earnings results on Thursday, February 5th. The transportation company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). The firm had revenue of $13.33 billion for the quarter, compared to analyst estimates of $12.83 billion. A.P. Moller-Maersk had a net margin of 5.05% and a return on equity of 4.87%. Research analysts anticipate that A.P. Moller-Maersk will post 0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

AMKBY has been the subject of several recent research reports. Clarkson Capital raised A.P. Moller-Maersk to a “strong sell” rating in a research note on Monday, February 9th. Nordea Equity Research downgraded A.P. Moller-Maersk from a “buy” rating to a “sell” rating in a research note on Friday, January 30th. The Goldman Sachs Group downgraded A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Barclays raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat, A.P. Moller-Maersk has an average rating of “Reduce”.

About A.P. Moller-Maersk

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.