Hapag-Lloyd Aktiengesellschaft (OTCMKTS: HPGLY) sees a sharp drop in short-term interest



Hapag-Lloyd Aktiengesellschaft (OTCMKTS: HPGLY – Get Rating) was the target of a significant drop in short interest during the month of April. As of April 15, there was short interest totaling 100 shares, down 66.7% from the March 31 total of 300 shares. Based on an average daily volume of 900 shares, the day-to-cover ratio is currently 0.1 day.

Hapag-Lloyd Aktiengesellschaft shares traded at $23.65 during Friday trading hours, hitting $200.90. Shares of the company saw trading volume of 681 shares, compared to an average trading volume of 865. Hapag-Lloyd Aktiengesellschaft has a 12-month low of $80.05 and a 12-month high of $201.50 . The stock has a 50-day moving average of $168.59 and a 200-day moving average of $145.56.

HPGLY has been the subject of a number of recent analyst reports. Berenberg Bank raised its price target on Hapag-Lloyd Aktiengesellschaft from €120.00 ($129.03) to €150.00 ($161.29) in a Monday, March 14 report. Deutsche Bank Aktiengesellschaft downgraded Hapag-Lloyd Aktiengesellschaft from a “buy” rating to a “hold” rating in a Tuesday, March 29 report. Finally, JPMorgan Chase & Co. lowered its price target on Hapag-Lloyd Aktiengesellschaft from €167.00 ($179.57) to €165.00 ($177.42) in a Monday, March 14 report. One research analyst has assigned the stock a sell rating, four have assigned a hold rating and one has assigned the company’s stock a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $141.67.

About Hapag-Lloyd Aktiengesellschaft (Get a rating)

Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a liner shipping company worldwide. Its fleets of vessels and containers are used to transport general and special cargo, various dangerous goods and coffee, as well as refrigerated cargo covering pharmaceuticals. The company also offers two-way EDI, a directly connected electronic data interchange; operates an e-commerce portal that provides real-time access to transportation data, as well as services to manage customers’ supply chain data and connect to their carriers through a single interface; mobile application that helps manage the shipping process; and provides e-mail and security information services.

Read more



Get news and reviews for Hapag-Lloyd Aktiengesellschaft Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Hapag-Lloyd Aktiengesellschaft and related companies with MarketBeat.com’s free daily email newsletter.

Previous Simon Middleton strikes gold as he tests England's World Cup tactics | Women's Six Nations Tournament
Next In the name of job flexibility, Uberization spreads its tentacles in society | Kenan Malik