Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) Sees Large Decline in Short Interest

Hapag-Lloyd Aktiengesellschaft (OTCMKTS:HPGLY) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 97.8% from the October 15th total of 4,600 shares. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. initiated coverage on Hapag-Lloyd Aktiengesellschaft in a report on Tuesday, September 10th. They set an “underweight” rating for the company.

Hapag-Lloyd Aktiengesellschaft Stock Performance

OTCMKTS HPGLY remained flat at $85.19 during trading hours on Tuesday. The company had a trading volume of 70 shares, compared to its average volume of 1,883. Hapag-Lloyd Aktiengesellschaft has a one year low of $56.27 and a one year high of $102.49. The business’s 50-day moving average is $83.38 and its 200-day moving average is $86.03.

Hapag-Lloyd Aktiengesellschaft Company Profile

Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a liner shipping company worldwide. It operates through Liner Shipping; and Terminal & Infrastructure segments. The company's vessel and container fleets are used for dry and special cargo, dangerous goods, and coffee, as well as reefer cargo.