A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Sees Large Increase in Short Interest

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 77,100 shares, a growth of 6.9% from the October 15th total of 72,100 shares. Based on an average daily volume of 375,800 shares, the short-interest ratio is currently 0.2 days.

A.P. Møller – Mærsk A/S Trading Up 0.9 %

A.P. Møller – Mærsk A/S stock opened at $8.30 on Monday. A.P. Møller – Mærsk A/S has a 12 month low of $6.26 and a 12 month high of $10.53. The stock’s 50 day moving average is $7.71 and its 200-day moving average is $8.00. The company has a quick ratio of 2.28, a current ratio of 2.41 and a debt-to-equity ratio of 0.09.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last posted its earnings results on Thursday, October 31st. The transportation company reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.66 billion. A.P. Møller – Mærsk A/S had a return on equity of 6.48% and a net margin of 6.82%. As a group, sell-side analysts expect that A.P. Møller – Mærsk A/S will post 1.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AMKBY shares. Wolfe Research cut A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. began coverage on A.P. Møller – Mærsk A/S in a research report on Tuesday, September 10th. They issued an “underweight” rating on the stock. Finally, UBS Group downgraded A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a research report on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

A.P. Møller – Mærsk A/S Company Profile

A.P. Møller – Mærsk A/S, together with its subsidiaries, engages in the ocean transport and logistics business in Denmark and internationally. It operates through Ocean, Logistics & Services, Terminals, and Towage & Maritime Services segments. The Ocean segment is involved in container shipping activities, including demurrage and detention, terminal handling, documentation and container services, and container storage, as well as transshipment hubs.