Short Interest in A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Increases By 593.8%

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 201,200 shares, an increase of 593.8% from the December 31st total of 29,000 shares. Based on an average daily trading volume, of 357,000 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Morgan Stanley downgraded shares of A.P. Møller – Mærsk A/S from an “equal weight” rating to an “underweight” rating in a report on Wednesday, December 4th. Wolfe Research lowered A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, UBS Group downgraded shares of A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a research report on Thursday, October 17th. Four research analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. According to data from MarketBeat, A.P. Møller – Mærsk A/S has an average rating of “Reduce”.

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

AMKBY stock opened at $7.29 on Friday. The company has a 50 day moving average price of $8.00 and a 200 day moving average price of $7.83. A.P. Møller – Mærsk A/S has a fifty-two week low of $6.26 and a fifty-two week high of $9.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.53 and a quick ratio of 2.41. The stock has a market capitalization of $23.08 billion, a PE ratio of 6.35 and a beta of 1.17.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last released its earnings results on Thursday, October 31st. The transportation company reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. A.P. Møller – Mærsk A/S had a return on equity of 6.40% and a net margin of 6.82%. The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.66 billion. Analysts forecast that A.P. Møller – Mærsk A/S will post 1.71 EPS for the current year.

About A.P. Møller – Mærsk A/S

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.