ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Short Interest Down 16.2% in November

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 11,250,000 shares, a decrease of 16.2% from the November 15th total of 13,430,000 shares. Approximately 11.3% of the shares of the company are sold short. Based on an average trading volume of 6,650,000 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Upgrades and Downgrades

ZIM has been the topic of several research reports. Barclays raised their target price on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an “underweight” rating in a research report on Monday, November 25th. Fearnley Fonds lowered shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 target price on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Bank of America lifted their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a research note on Wednesday, August 28th. Finally, Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of “Hold” and an average price target of $15.74.

Institutional Trading of ZIM Integrated Shipping Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZIM. Fairman Group LLC purchased a new stake in ZIM Integrated Shipping Services during the 3rd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of ZIM Integrated Shipping Services during the third quarter worth $31,000. Northwestern Mutual Wealth Management Co. grew its stake in ZIM Integrated Shipping Services by 2,341.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after acquiring an additional 1,850 shares in the last quarter. American Capital Advisory LLC bought a new stake in ZIM Integrated Shipping Services in the 3rd quarter valued at $69,000. Finally, Sunbelt Securities Inc. purchased a new stake in ZIM Integrated Shipping Services in the 3rd quarter worth $71,000. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Stock Up 0.4 %

Shares of ZIM stock opened at $19.88 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26. ZIM Integrated Shipping Services has a one year low of $7.71 and a one year high of $30.15. The company’s fifty day moving average price is $22.39 and its 200-day moving average price is $20.72. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 1.66, a PEG ratio of 0.04 and a beta of 1.78.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $2.81 dividend. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, December 2nd. This represents a $11.24 dividend on an annualized basis and a dividend yield of 56.54%. ZIM Integrated Shipping Services’s dividend payout ratio is 9.72%.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.