Short Interest in A.P. Moller-Maersk (OTCMKTS:AMKBY) Declines By 46.8%

Key Points

• Short interest in A.P. Moller-Maersk fell 46.8% to 45,526 shares as of August 14, down from 85,524 shares on July 30. Short interest represented approximately 0.0% of shares outstanding, with a short-interest ratio of 0.3 days.
• Analyst sentiment remained cautious but improved somewhat, with several firms upgrading the stock to “hold.” Overall, one analyst rated it a Strong Buy, seven rated it Hold, and five rated it Sell, resulting in a “Reduce” average rating.
• The company exceeded quarterly expectations, reporting $0.45 EPS versus a $0.14 consensus estimate and revenue of $15.76 billion versus $14.07 billion expected. Shares opened at $17.02, near their 52-week high of $17.70.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 45,526 shares, a decline of 46.8% from the July 30th total of 85,524 shares. Based on an average daily trading volume, of 131,249 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

AMKBY has been the subject of a number of recent research reports. Morgan Stanley restated an "underweight" rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research report on Friday, August 14th. Fearnley Fonds upgraded shares of 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 shares of A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research note on Friday, July 3rd. Finally, Citigroup reissued a "neutral" rating on shares of A.P. Moller-Maersk in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce".

A.P. Moller-Maersk Stock Performance

Shares of OTCMKTS:AMKBY opened at $17.02 on Friday. The business's fifty day moving average price is $13.59 and its two-hundred day moving average price is $12.81. A.P. Moller-Maersk has a fifty-two week low of $9.23 and a fifty-two week high of $17.70. The stock has a market capitalization of $53.88 billion, a price-to-earnings ratio of 21.82 and a beta of 0.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.85.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.31. A.P. Moller-Maersk had a return on equity of 4.38% and a net margin of 4.08%.The company had revenue of $15.76 billion during the quarter, compared to analysts' expectations of $14.07 billion. As a group, analysts predict that A.P. Moller-Maersk will post 2.2 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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