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

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

Institutional Investors Weigh In On ZIM Integrated Shipping Services

A number of hedge funds have recently added to or reduced their stakes in ZIM. Virtu Financial LLC acquired a new position in shares of ZIM Integrated Shipping Services during the third quarter worth approximately $893,000. Sunbelt Securities Inc. bought a new position in ZIM Integrated Shipping Services in the 3rd quarter worth approximately $71,000. Geode Capital Management LLC lifted its holdings in ZIM Integrated Shipping Services by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 88,086 shares of the company’s stock worth $2,260,000 after buying an additional 2,873 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at $3,364,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of ZIM Integrated Shipping Services in the 3rd quarter valued at $2,612,000. Institutional investors own 21.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group reissued a “hold” rating and issued a $25.00 price objective on shares of ZIM Integrated Shipping Services in a research note on Wednesday, November 20th. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Barclays lifted their price objective on ZIM Integrated Shipping Services from $13.90 to $16.50 and gave the company an “underweight” rating in a research report on Monday, November 25th. Bank of America increased their price objective on ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a research report on Wednesday, August 28th. Finally, Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.74.

ZIM Integrated Shipping Services Trading Up 0.4 %

Shares of ZIM opened at $19.88 on Friday. The stock has a fifty day moving average price of $22.39 and a two-hundred day moving average price of $20.71. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 1.66, a PEG ratio of 0.04 and a beta of 1.78. ZIM Integrated Shipping Services has a 52-week low of $7.71 and a 52-week high of $30.15.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $2.81 per share. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date 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%.

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.