A.P. Moller-Maersk (OTCMKTS:AMKBY) Short Interest Update

Key Points

• Short interest nearly doubled to 85,524 shares as of July 31, up 90.6% from mid-July, though short interest represents approximately 0.0% of outstanding shares and equals 0.8 days of average trading volume.
• Analyst sentiment remains cautious, with one Strong Buy, seven Hold, and five Sell ratings producing a consensus “Reduce” rating. Several firms recently upgraded the stock from Sell or Strong Sell to Hold.
• Maersk shares were trading 8.5% higher at $15.91, near their 52-week high, while the company’s latest quarterly results exceeded expectations with EPS of $0.45 versus $0.14 expected and revenue of $15.76 billion versus $14.07 billion forecast.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 85,524 shares, a growth of 90.6% from the July 15th total of 44,872 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 104,033 shares, the short-interest ratio is currently 0.8 days.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMKBY shares. Citigroup reissued a "neutral" rating on shares of A.P. Moller-Maersk in a report on Thursday, June 25th. Morgan Stanley reaffirmed an "underweight" rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. Fearnley Fonds upgraded A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 11th. The Goldman Sachs Group raised A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research note on Friday, July 3rd. Finally, Nordea Equity Research upgraded A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce".

A.P. Moller-Maersk Trading Up 8.5%

A.P. Moller-Maersk stock opened at $15.91 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 1.98. The firm has a market cap of $50.37 billion, a price-to-earnings ratio of 20.40 and a beta of 0.70. A.P. Moller-Maersk has a 1 year low of $9.23 and a 1 year high of $16.00. The firm's 50 day moving average price is $12.84 and its two-hundred day moving average price is $12.50.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.31. The company had revenue of $15.76 billion for the quarter, compared to analysts' expectations of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.38% and a net margin of 4.08%. On average, research analysts predict that A.P. Moller-Maersk will post 1.13 EPS for the current fiscal year.

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.

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