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

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 45,500 shares, a decline of 18.6% from the September 15th total of 55,900 shares. Based on an average daily volume of 238,600 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

AMKBY has been the topic of several research analyst reports. Wolfe Research downgraded A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. assumed coverage on A.P. Møller – Mærsk A/S in a report on Tuesday, September 10th. They set an “underweight” rating for the company. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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

AMKBY stock opened at $7.36 on Monday. A.P. Møller – Mærsk A/S has a 52-week low of $6.26 and a 52-week high of $10.53. The business has a fifty day moving average of $7.64 and a two-hundred day moving average of $7.84. The stock has a market cap of $27.54 billion, a price-to-earnings ratio of 14.43 and a beta of 1.17. The company has a quick ratio of 2.28, a current ratio of 2.41 and a debt-to-equity ratio of 0.09.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last released its earnings results on Wednesday, August 7th. The transportation company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $12.77 billion during the quarter, compared to analyst estimates of $13.13 billion. A.P. Møller – Mærsk A/S had a return on equity of 1.62% and a net margin of 2.16%. As a group, research analysts anticipate that A.P. Møller – Mærsk A/S will post 1.08 earnings per share 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.