A.P. Moller-Maersk (OTCMKTS:AMKBY) Sees Large Decrease in Short Interest

A.P. Moller-Maersk (OTCMKTS:AMKBY) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 44,872 shares, a drop of 40.8% from the June 30th total of 75,809 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 181,049 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

AMKBY has been the subject of a number of research reports. Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Thursday, June 25th. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a report on Wednesday, June 24th. Finally, The Goldman Sachs Group raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, A.P. Moller-Maersk presently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Trading Up 1.2%

Shares of OTCMKTS AMKBY opened at $13.29 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.85. The stock has a market capitalization of $42.09 billion, a P/E ratio of 25.09 and a beta of 0.71. A.P. Moller-Maersk has a 1-year low of $9.23 and a 1-year high of $14.32. The business has a fifty day moving average price of $12.60 and a 200 day moving average price of $12.37.

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.