A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Short Interest Update

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 72,000 shares, an increase of 227.3% from the February 29th total of 22,000 shares. Based on an average trading volume of 669,000 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AMKBY shares. Sanford C. Bernstein started coverage on A.P. Møller – Mærsk A/S in a research report on Wednesday, February 21st. They set an “underperform” rating on the stock. The Goldman Sachs Group raised A.P. Møller – Mærsk A/S from a “sell” rating to a “neutral” rating in a research report on Tuesday, January 2nd. BNP Paribas downgraded A.P. Møller – Mærsk A/S from an “outperform” rating to a “neutral” rating in a research report on Thursday, January 11th. Jefferies Financial Group raised A.P. Møller – Mærsk A/S from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. downgraded A.P. Møller – Mærsk A/S from an “overweight” rating to a “neutral” rating in a research report on Thursday, January 4th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, A.P. Møller – Mærsk A/S has an average rating of “Hold”.

A.P. Møller – Mærsk A/S Trading Down 0.2 %

Shares of AMKBY stock opened at $6.49 on Friday. The stock has a 50 day simple moving average of $7.76 and a 200 day simple moving average of $8.25. A.P. Møller – Mærsk A/S has a 1 year low of $6.26 and a 1 year high of $10.60.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last issued its quarterly earnings results on Thursday, February 8th. The transportation company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.03. The business had revenue of $11.74 billion during the quarter, compared to analysts’ expectations of $11.32 billion. A.P. Møller – Mærsk A/S had a negative return on equity of 0.22% and a net margin of 7.48%. On average, equities research analysts expect that A.P. Møller – Mærsk A/S will post 0.56 earnings per share for the current year.

A.P. Møller – Mærsk A/S Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Monday, March 18th will be given a dividend of $0.2412 per share. The ex-dividend date is Friday, March 15th. A.P. Møller – Mærsk A/S’s dividend payout ratio is currently 21.62%.

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.