Short Interest in A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Declines By 29.8%

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 53,800 shares, a decline of 29.8% from the November 30th total of 76,600 shares. Based on an average daily volume of 280,300 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMKBY shares. UBS Group downgraded A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. started coverage on A.P. Møller – Mærsk A/S in a report on Tuesday, September 10th. They set an “underweight” rating on the stock. Morgan Stanley downgraded shares of A.P. Møller – Mærsk A/S from an “equal weight” rating to an “underweight” rating in a report on Wednesday, December 4th. Finally, Wolfe Research cut shares of A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, A.P. Møller – Mærsk A/S currently has an average rating of “Hold”.

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

A.P. Møller – Mærsk A/S stock traded up $0.06 during mid-day trading on Friday, hitting $8.37. 91,466 shares of the company were exchanged, compared to its average volume of 249,028. The company has a market capitalization of $26.50 billion, a PE ratio of 7.28 and a beta of 1.17. The business has a fifty day moving average of $8.14 and a 200 day moving average of $7.98. A.P. Møller – Mærsk A/S has a 1-year low of $6.26 and a 1-year high of $10.53. 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 announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.66 billion. A.P. Møller – Mærsk A/S had a net margin of 6.82% and a return on equity of 6.48%. As a group, sell-side analysts expect that A.P. Møller – Mærsk A/S will post 1.46 earnings per share for the current 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.