A.P. Moller-Maersk (OTCMKTS:AMKBY) Short Interest Down 13.9% in April

Key Points

• Short interest fell 13.9% in April to 43,467 shares (from 50,512 on March 31), representing about 0.0% of shares sold short and a days-to-cover ratio of just 0.2 based on average daily volume.
• Analyst consensus is a Reduce rating (one Strong Buy, four Holds, seven Sells), with recent moves including Bank of America downgrading to underperform and Barclays raising to hold.
• The company missed EPS expectations last quarter ($0.02 reported vs. $0.12 expected) while revenue of $13.33B beat estimates; the stock trades near $11.78 with a market cap around $37.3B and a P/E of ~13.4.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 43,467 shares, a decline of 13.9% from the March 31st total of 50,512 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 218,836 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMKBY. Bank of America lowered A.P. Moller-Maersk from a "neutral" rating to an "underperform" rating in a report on Friday, January 23rd. Citigroup reaffirmed a "neutral" rating on shares of A.P. Moller-Maersk in a report on Monday, February 9th. Wolfe Research reaffirmed an "underperform" rating on shares of A.P. Moller-Maersk in a report on Thursday, January 8th. Barclays raised A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a report on Friday, March 6th. Finally, Clarkson Capital raised A.P. Moller-Maersk to a "strong sell" rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and seven have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce".

A.P. Moller-Maersk Stock Up 2.5%

Shares of OTCMKTS AMKBY opened at $11.78 on Friday. A.P. Moller-Maersk has a 12 month low of $8.40 and a 12 month high of $14.32. The company has a current ratio of 2.12, a quick ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $37.29 billion, a price-to-earnings ratio of 13.39 and a beta of 0.82. The business has a 50-day moving average of $12.55 and a 200-day moving average of $11.53.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.10). A.P. Moller-Maersk had a return on equity of 4.87% and a net margin of 5.05%.The business had revenue of $13.33 billion for the quarter, compared to analysts' expectations of $12.83 billion. Sell-side analysts expect that A.P. Moller-Maersk will post -0.2 earnings per share for the current fiscal year.

A.P. Moller-Maersk Company Profile

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.

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