A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Short Interest Up 58.5% in October

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 72,100 shares, an increase of 58.5% from the September 30th total of 45,500 shares. Based on an average daily trading volume, of 442,700 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

AMKBY has been the topic of a number of analyst reports. JPMorgan Chase & Co. assumed coverage on A.P. Møller – Mærsk A/S in a report on Tuesday, September 10th. They issued an “underweight” rating on the stock. Wolfe Research lowered A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, UBS Group downgraded shares of A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, A.P. Møller – Mærsk A/S presently has an average rating of “Hold”.

A.P. Møller – Mærsk A/S Price Performance

AMKBY traded down $0.01 during trading on Monday, hitting $7.62. The company’s stock had a trading volume of 67,500 shares, compared to its average volume of 262,196. The company has a current ratio of 2.41, a quick ratio of 2.28 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $28.52 billion, a price-to-earnings ratio of 14.95 and a beta of 1.17. The business’s fifty day simple moving average is $7.61 and its 200 day simple moving average is $7.90. A.P. Møller – Mærsk A/S has a twelve month low of $6.26 and a twelve month high of $10.53.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last issued its quarterly earnings results on Wednesday, August 7th. The transportation company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $12.77 billion during the quarter, compared to analyst estimates of $13.13 billion. A.P. Møller – Mærsk A/S had a net margin of 2.16% and a return on equity of 1.62%. On average, equities research analysts forecast that A.P. Møller – Mærsk A/S will post 1.08 EPS for the current fiscal year.

About A.P. Møller – Mærsk A/S

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.