A.P. Moller-Maersk (OTCMKTS:AMKBY) Sees Large Growth in Short Interest

Key Points

• Short interest surged 444.2% to 476,808 shares as of October 15, up from 87,622 shares at the end of September. The short-interest ratio stood at 2.2 days based on average daily trading volume.
• Analyst sentiment was mixed, with two Strong Buy, six Hold and five Sell ratings; MarketBeat’s overall consensus rating was “Reduce.”
• Maersk reported quarterly EPS of $0.45, beating the $0.14 consensus estimate, while revenue of $15.76 billion also exceeded expectations of $14.07 billion. Shares opened at $17.74, near their 12-month high of $18.76.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 476,808 shares, a growth of 444.2% from the September 30th total of 87,622 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 220,214 shares, the short-interest ratio is presently 2.2 days.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of A.P. Moller-Maersk from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. Wolfe Research upgraded A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 8th. UBS Group downgraded A.P. Moller-Maersk from a "hold" rating to a "sell" rating in a report on Wednesday, October 21st. Nordea Equity Research raised A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research report on Friday, August 14th. Finally, Morgan Stanley restated an "underweight" rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce".

A.P. Moller-Maersk Stock Performance

AMKBY stock opened at $17.74 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The firm has a market cap of $56.16 billion, a P/E ratio of 22.74 and a beta of 0.71. A.P. Moller-Maersk has a 12-month low of $9.32 and a 12-month high of $18.76. The stock's 50 day simple moving average is $17.47 and its 200 day simple moving average is $13.69.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last issued its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.31. A.P. Moller-Maersk had a net margin of 4.08% and a return on equity of 4.39%. The firm had revenue of $15.76 billion for the quarter, compared to analysts' expectations of $14.07 billion. As a group, equities research analysts predict that A.P. Moller-Maersk will post 2.90 EPS for the current year.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish global transportation and logistics company founded in 1904 by Arnold Peter Møller. The company is best known for its container shipping operations, conducted through the Maersk brand, and provides ocean transportation services linking manufacturers, suppliers, retailers and consumers across major global trade routes.

In addition to shipping, Maersk offers integrated logistics services, including freight forwarding, warehousing, customs services, supply-chain management and air freight.

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