Short Interest in A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Decreases By 46.1%

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 29,000 shares, a decline of 46.1% from the December 15th total of 53,800 shares. Based on an average daily volume of 250,300 shares, the short-interest ratio is presently 0.1 days.

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

OTCMKTS AMKBY opened at $7.26 on Tuesday. The company has a current ratio of 2.41, a quick ratio of 2.28 and a debt-to-equity ratio of 0.09. A.P. Møller – Mærsk A/S has a 1 year low of $6.26 and a 1 year high of $9.96. The company has a market cap of $22.98 billion, a PE ratio of 6.31 and a beta of 1.17. The stock’s 50-day moving average price is $8.22 and its two-hundred day moving average price is $7.95.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last released its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. A.P. Møller – Mærsk A/S had a net margin of 6.82% and a return on equity of 6.48%. The business had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.66 billion. On average, analysts predict that A.P. Møller – Mærsk A/S will post 1.46 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. 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. 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, UBS Group cut shares of A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

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.