A.P. Moller-Maersk A/S is in an unusual place this year as the world’s biggest shipping company finds itself the target of an attack by hedge funds.
For years, there’s been no speculation against Maersk to speak of. In September, short positions represented just 0.8% of the Danish company’s stock. But with a trade war upending the outlook for the global container shipping industry, investors are reviewing their options.
Short interest in Maersk has jumped to about 6% of the share capital this year, according to data compiled by IHS Markit. That’s the highest level on record, with the data going back until 2006 (the numbers have been adjusted for the effect of dividend payments). Click here to read more.
- US-China Trade War to Hit Containers Hardest (Seatrade Maritime News)
- Trade War’s Impact on Shipping Has Been Limited So Far, Industry Experts Say (CNBC)
- Trade War Sparks More Capacity Cuts on Transpacific Container Trades (The Loadstar)