A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Shorted: Short Interest Up 49.9% in September

Key Points

• Short interest in A.P. Moller-Maersk rose 49.9% to 42,270 shares as of September 15, up from 28,196 shares at the end of August. Despite the increase, short interest represents 0.0% of shares outstanding and equals just 0.3 days of average trading volume.
• Analyst sentiment remains mixed, with one Strong Buy, seven Hold, and three Sell ratings; MarketBeat’s consensus rating is “Reduce.”
• The stock opened at $17.95, near its 12-month high of $18.24, while the company’s latest quarterly results beat expectations with $0.45 in EPS versus a $0.14 estimate and revenue of $15.76 billion versus $14.07 billion expected.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 42,270 shares, a growth of 49.9% from the August 31st total of 28,196 shares. Based on an average daily trading volume, of 154,355 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company's stock are sold short.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMKBY. Citigroup reiterated a "neutral" rating on shares of A.P. Moller-Maersk in a research note on Tuesday. Nordea Equity Research raised A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research note on Friday, August 14th. Morgan Stanley reissued an "underweight" rating on shares of A.P. Moller-Maersk in a research report on Friday, September 4th. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a report on Friday, July 3rd. Finally, Fearnley Fonds raised A.P. Moller-Maersk from a "hold" rating to a "strong-buy" rating in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, A.P. Moller-Maersk has an average rating of "Reduce".

A.P. Moller-Maersk Stock Down 0.9%

AMKBY stock opened at $17.95 on Thursday. The business's 50-day simple moving average is $15.90 and its 200 day simple moving average is $13.62. The company has a quick ratio of 1.90, a current ratio of 2.03 and a debt-to-equity ratio of 0.09. A.P. Moller-Maersk has a twelve month low of $9.23 and a twelve month high of $18.24. The company has a market cap of $56.83 billion, a PE ratio of 23.01 and a beta of 0.73.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last issued its earnings results on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.14 by $0.31. The firm had revenue of $15.76 billion during the quarter, compared to analysts' expectations of $14.07 billion. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. On average, research analysts anticipate that A.P. Moller-Maersk will post 2.2 earnings per share for the current year.

A.P. Moller-Maersk Company Profile

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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