A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Shorted: Short Interest Up 107.3% in September

Key Points

• Short interest more than doubled to 87,622 shares as of September 30, up 107.3% from 42,270 shares two weeks earlier. Despite the increase, short interest represented approximately 0.0% of shares outstanding, with a 0.4-day short ratio.
• A.P. Moller-Maersk shares opened at $18.39, near their 52-week high of $18.76, and have risen above both their 50-day and 200-day moving averages. The company reported quarterly EPS of $0.45, beating estimates by $0.31, while revenue of $15.76 billion also exceeded forecasts.
• Analyst sentiment remains mixed but has improved, with several firms upgrading the stock. The consensus rating is still “Hold,” based on two Strong Buy, seven Hold and three Sell ratings.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 87,622 shares, an increase of 107.3% from the September 15th total of 42,270 shares. Based on an average trading volume of 226,312 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

A.P. Moller-Maersk Stock Performance

Shares of A.P. Moller-Maersk stock opened at $18.39 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.03 and a quick ratio of 1.90. The firm has a 50 day simple moving average of $16.83 and a 200 day simple moving average of $13.92. A.P. Moller-Maersk has a fifty-two week low of $9.32 and a fifty-two week high of $18.76. The firm has a market cap of $58.22 billion, a P/E ratio of 22.00 and a beta of 0.71.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.31. The firm had revenue of $15.76 billion for the quarter, compared to analyst estimates of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. Sell-side analysts predict that A.P. Moller-Maersk will post 2.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMKBY has been the subject of a number of recent research reports. Zacks Research raised A.P. Moller-Maersk from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. 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. Wolfe Research upgraded A.P. Moller-Maersk from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 8th. Nordea Equity Research upgraded A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research note on Friday, August 14th. Finally, Citigroup reiterated a "neutral" rating on shares of A.P. Moller-Maersk in a research note on Tuesday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company headquartered in Copenhagen. Founded in 1904 by A.P. Møller, the company has developed from a shipping business into a global provider of end-to-end supply-chain services.

Maersk's principal business is ocean transportation, connecting customers and markets through container shipping services. The company also operates port terminals and provides logistics services, including warehousing, customs support, inland transportation, air freight and supply-chain management.

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