ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Short Interest Up 33.7% in March

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 17,390,000 shares, a growth of 33.7% from the March 15th total of 13,010,000 shares. Approximately 14.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,730,000 shares, the short-interest ratio is presently 2.6 days.

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Institutional investors have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd grew its holdings in ZIM Integrated Shipping Services by 650.0% in the fourth quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company's stock worth $32,000 after purchasing an additional 1,300 shares during the period. Employees Retirement System of Texas bought a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $45,000. Brown Brothers Harriman & Co. acquired a new stake in shares of ZIM Integrated Shipping Services in the 4th quarter valued at about $79,000. R Squared Ltd bought a new stake in ZIM Integrated Shipping Services in the 4th quarter valued at about $88,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in ZIM Integrated Shipping Services by 26.5% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,300 shares of the company's stock worth $92,000 after buying an additional 900 shares during the period. 21.42% of the stock is owned by institutional investors and hedge funds.

ZIM Integrated Shipping Services Trading Up 2.3 %

NYSE:ZIM traded up $0.32 on Thursday, reaching $14.09. 3,898,838 shares of the stock traded hands, compared to its average volume of 6,116,071. 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 1-year low of $11.04 and a 1-year high of $30.15. The company's 50 day moving average is $16.87 and its 200-day moving average is $19.48. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 1.18, a price-to-earnings-growth ratio of 0.27 and a beta of 1.84.

ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share for the quarter, topping the consensus estimate of $3.47 by $1.19. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. Equities research analysts anticipate that ZIM Integrated Shipping Services will post 16.75 EPS for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were given a dividend of $3.17 per share. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. The ex-dividend date of this dividend was Monday, March 24th. This represents a $12.68 annualized dividend and a dividend yield of 89.99%. ZIM Integrated Shipping Services's dividend payout ratio is presently 6.51%.

Analysts Set New Price Targets

ZIM has been the topic of several recent research reports. Barclays reduced their price objective on ZIM Integrated Shipping Services from $13.50 to $12.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Bank of America reduced their price target on ZIM Integrated Shipping Services from $16.00 to $12.80 and set an "underperform" rating on the stock in a report on Friday, April 11th. Jefferies Financial Group reiterated a "hold" rating and set a $18.00 target price on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an "underweight" rating on the stock in a report on Friday, March 7th. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of "Hold" and an average target price of $13.06.

About ZIM Integrated Shipping Services

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.