ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Short Interest Update

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 11,250,000 shares, a drop of 16.2% from the November 15th total of 13,430,000 shares. Currently, 11.3% of the shares of the stock are sold short. Based on an average daily volume of 6,650,000 shares, the short-interest ratio is presently 1.7 days.

ZIM Integrated Shipping Services Stock Up 0.4 %

Shares of NYSE:ZIM opened at $19.88 on Monday. The company has a market capitalization of $2.39 billion, a PE ratio of 1.66, a P/E/G ratio of 0.04 and a beta of 1.78. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. ZIM Integrated Shipping Services has a twelve month low of $7.71 and a twelve month high of $30.15. The firm has a 50 day simple moving average of $22.39 and a 200-day simple moving average of $20.70.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a $2.81 dividend. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $11.24 annualized dividend and a yield of 56.54%. ZIM Integrated Shipping Services’s dividend payout ratio is 9.72%.

Institutional Trading of ZIM Integrated Shipping Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Fairman Group LLC acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. increased its stake in ZIM Integrated Shipping Services by 2,341.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,929 shares of the company’s stock valued at $43,000 after buying an additional 1,850 shares during the period. American Capital Advisory LLC acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at $69,000. Finally, Sunbelt Securities Inc. acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at $71,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZIM. Jefferies Financial Group reissued a “hold” rating and issued a $25.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, November 20th. Barclays raised their price target on shares of ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the stock an “underweight” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.50 price target on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Finally, Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.74.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.